“Unless the dealership has its own financing department, most dealerships get a kickback, or commission, from the lending company for originating the loan.
This amount varies depending on the total amount of the car loan but is often a few hundred bucks.
Because of this kickback, you may want to cut the dealer out and go straight to the source. Just as you would with car insurance, you can shop around for car loan rates. That’s the best way to cut fees and get the most bang for your buck.
It’s recommended that you also shop for car insurance before signing on your new car. Lenders will require insurance before you can drive your new car, and they often ask for full coverage,
Full coverage can be pricey, but you can save money by comparing rates. Jerry does all the hard work for you, pulling quotes from the top 50 companies and delivering the best deals to your phone in minutes.”
