Dealer Financing vs. Credit Union
Dealer financing is convenient, but credit unions often beat dealer rates. Find out what you'd save by getting preapproved before visiting the lot.
Loan
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Savings with credit union
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Dealer monthly payment
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Dealer total interest
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Credit union monthly payment
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Credit union total interest
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Monthly payment savings
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Always get preapproved before walking in. Use it as a floor — the dealer may beat it with a manufacturer-subsidized rate or push back-end products to recover the margin.