If you’re searching for a new or used car, chances are good that you’re planning on financing. The right choice between the two depends upon few different factors, and neither option is inherently better than the other.
Depending on your situation, picking one over the other could save you both time and money. Read on to learn more about each option and how to pick the right one.
Who offers a best deal?
In any situation, it’s best to choose the option that will save you the most money. Unfortunately, it’s not always easy to know what that option is upfront.
As a result, it may be worth trying to get preapproved by a bank or credit union before you head to the dealership, and then asking the dealer to get quotes as well. That way you can compare and determine which option is best.