Some car dealers will tell you anything trying to persuade you to give up online auto loan quotes and rather finance your car at the dealership.
One of the common things dealers tell customers is that all online car loans are scams and their checks will bounce. The truth is, there are a few bad apples among online lenders, but they are generally easy to spot. There are many companies offering online auto loans, which have been in business for years and are no less reputable than your bank or credit union.
One way to protect yourself against these and other loan-related scams is to get your online auto loan quotes before going to the dealer. This is the best way to know for sure what you have qualified for and not to worry about the dealer using your loan against you.
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