- Joined
- Jul 22, 2020
- Threads
- 18
- Messages
- 568
- Reaction score
- 1,418
- Location
- Kansas City
- Vehicle(s)
- 2012 Mustang GT, 2022 Bronco Badlands
- Your Bronco Model
- Badlands
- Thread starter
- #1
This will be my first time purchasing a new car from a dealer via financing a loan. My other cars I usually purchased outright with cash.
I’m confused a bit about the process when finalizing the purchase and handing over the money.
1. I plan on putting a down payment so do I get a check from the bank for my funds then like I would paying cash outright?
2. Financing
2a. If I find a better rate at an outside lender do I have them cut me a check for the financed amount?
2b. If I want to see what the dealership finance will offer do I get that quote before I go in to take delivery?
I guess I’m just confused on the process of where/when the money exchanges hands and in what form is standard.
I’m confused a bit about the process when finalizing the purchase and handing over the money.
1. I plan on putting a down payment so do I get a check from the bank for my funds then like I would paying cash outright?
2. Financing
2a. If I find a better rate at an outside lender do I have them cut me a check for the financed amount?
2b. If I want to see what the dealership finance will offer do I get that quote before I go in to take delivery?
I guess I’m just confused on the process of where/when the money exchanges hands and in what form is standard.
Sponsored