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What is better to finance a Honda Accord through, the dealership or a bank?
My husband and I are in need of a new car. I can finance through the dealership at 4.99% for 60 months, but other people have told me to go through a bank or credit union. Which is the better option?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Do your research before taking the dealer’s word that they have the best financing for your Honda Accord. Take a look at banks, credit unions, and other lenders.
In some cases, getting preapproved by a bank or credit union is a sound idea because it gives you a bargaining chip to use with the dealer. With an offer already in hand, it’s up to the dealer to negotiate a better deal.
Don’t forget that when you buy a new vehicle, you will need proper coverage. If you haven’t already found insurance, use the free
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