Your Credit Union or Bank is the Number One Option
Prior to going car shopping, your personal bank or credit union should be your first stop. If you have a personal relationship with a bank or credit union, stop by or call and ask for an approval on an auto loan. You can get excellent terms through your personal bank that may be more flexible.
Having a long term relationship with your financial institution could help you get better terms on a car loan because they see your financial stability. This could also benefit you if there are some negative marks on your credit from the past, but you have been stable and with the same bank for a long time. It is always a good option to talk to a loan officer from your financial institution first. You may be surprised that they offer the best options.
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