If You Cannot Get a Loan With Your Local Lender, You May Be at the Mercy of the Dealership’s Lending Options

        When shopping for a car, be sure that you explore all of your options when looking for a good loan. Dealership loans may be more expensive as far as the lending rates go, but if you cannot get your bank to give you a loan, it may be your only option to get a Car Loan. Dealerships tend to have more resources and can find a way to make it work. Your payments may be made to a bank in another state, but if that is all you can get, then you will have to go with it. After making payments on a regular basis for a year or so, you may be able to refinance it at a lower rate with a more local lender.