How does it work when you want to get a car loan on your own from your bank?

I'm interested in details, like all the steps to take. I'm asking because I know it would be better to have the money before entering a car dealer building, rather than having them apply for a loan for me. So the bank gives you a check, or they deal with the car dealer directly ... ?

How does it work when you want to get a car loan on your own from your bank?

You have to go chose a car. Take the paperwork about the car to your bank/credit union/loan office. Present these papers along with your last two months worth of check stubs from work. You will probably have to have very good credit on the credit check. No judgments or outstanding problems. They may require collateral if you fit into that category of people.

How does it work when you want to get a car loan on your own from your bank?

you apply for the loan, if you are approved you will get a check or a deposit into your account if its possible and then you go and buy the car and pay off the loan.

How does it work when you want to get a car loan on your own from your bank?

You take out a personal auto loan from your bank. You have to deal with the bank, the checks etc...it is much easier and you'll probably get a lower rate if you go through the dealership.

How does it work when you want to get a car loan on your own from your bank?

Normally to get a loan from a bank, you have to give them details about the car. It is not necessarailly better to go, money in hand unless of course you have cash in hand. Go to the dealership, find a car....especially if its new, discuss price and then let them find the financing for you. If they can't offer you a good deal, then contact your lender and let them know this is what you want. See what they can do. Etc, but at least you will have a base to start from. Good luck.

How does it work when you want to get a car loan on your own from your bank?

If you apply for a loan the bank will issue you the funds directly.or will issue a certified cheque to dealer upon your request.

As for you being interested in details and the steps start with this web page on my website http://www.usedcartips.org/CASH.html what I am trying to say is,,, don't disclose your paying cash,,, simply say have not decided.is your answer till final figures are at hand

There are several steps buying a car, if you find the time study my website its free advice

How does it work when you want to get a car loan on your own from your bank?

this has been our experience. we applied for a loan on a car. we found out how they handle the loan in terms of new or used, what are the terms and the interest rate. Of course at this time you should have a good idea what your new car is going to cost roughly. Go to the dealership, select the car you want, hassle the price, find out what the terms are for their loan. if the bank has a better loan and better terms, the dealer will fax the contract of sale to the bank and the bank will cut them a PO so that you can take possession of the car immediately.