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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

Learn how the CFPB can help you

Do I have to get my loan from the dealer?


No, you do not have to get a loan from the dealer.

You should shop for the best deal. Shop around to find out if a bank, credit union, or other lender is able to offer you better terms than the dealer. In fact, bringing a loan quote from a bank, credit union, or other lender can place you in a stronger bargaining position to negotiate the best possible financing terms with the dealer. Then you can compare what you have been offered by the bank, credit union, or other lender to the offer from the dealer and decide which loan to accept. If you do decide to ask about dealer financing, know that the rate the dealer offers is negotiable.

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The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.