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Financing a car Dee♡ 2 kids; 1 angel baby; .., IN, United States 6060 posts
Feb 13th

DH and I are looking into buying a new(er) car, finally! It’ll be our first time buying from a dealer. But we want to finance through our own financial institution. (If it makes a difference, we’re buying from a locally owned dealer, not a big name one). Our bank has really great rates, and does everything they can to really work with you. Plus they let you make weekly payments instead of monthly by splitting the monthly total into 4. Therefore, you end up 3 months ahead by the end of the year. So your interest stays low and you pay off the loan early.

Anyways, we plan on financing through them and including sales tax/plates into the loan. But will that save us from the dealer doc fees? Also, are there any cons to doing it this way? Any other advice if you’ve bought a new car before? 

Post and run. TIA!!

The Original Bob 4 kids; 4 angel babies; <3, CA, United States 37464 posts
Feb 13th

Sometimes if you haggle the sales person you can take off tax and title so they have to pay it. Me and my SO have 2 cars and we didn't have to pay tax or title. He's a really good negotiator though. 

Lyla & Maxwell's Mommy Due April 25; 2 kids; 2 angel babies; Wisconsin 1573 posts
Feb 14th

I agree with haggling!  Also, we bought our van during a huge sales initiative with 1.99 percent financing so that was a huge win compared to using our bank. 

Dee♡ 2 kids; 1 angel baby; .., IN, United States 6060 posts
Feb 19th

Quoting The Original Bob:
Sometimes if you haggle the sales person you can take off tax and title so they have to pay it. Me and my SO have 2 cars and we didn't have to pay tax or title. He's a really good negotiator though. 


We have applied for a loan on a car. We’re just waiting to hear back now. Sales tax and title are included in our loan, which is awesome! We’ll have a bit higher of an interest rate vs going through the dealers lender, but we’ll able to do the weekly payments so we’ll end up paying it off early and not paying as much interest in the end. So it sort of evens out. 

Austin's momma TTC since Apr 2018; 1 child; CD, NY, United States 3683 posts
Feb 20th

We have financed five cars, and the easiest one was by far the one we did at our own bank... I would think that if you’re buying used it would be even easier. 

Dee♡ 2 kids; 1 angel baby; .., IN, United States 6060 posts
Feb 21st

Quoting Austin's momma :
We have financed five cars, and the easiest one was by far the one we did at our own bank... I would think that if you’re buying used it would be even easier. 


It was definitely easier! We got approved without any issues and got a somewhat decent interest rate. Plus, the whole weekly payments vs monthly thing. Our bank is awesome. I get to pick up my car tomorrow after all the paperwork is signed!! Super Happy

Austin's momma TTC since Apr 2018; 1 child; CD, NY, United States 3683 posts
Feb 22nd

Quoting Dee♡:

It was definitely easier! We got approved without any issues and got a somewhat decent interest rate. Plus, the whole weekly payments vs monthly thing. Our bank is awesome. I get to pick up my car tomorrow after all the paperwork is signed!! Super Happy


Sweet!