Mortgage with the financial institution or car dealer?

Question

Hi, I have a mortgage with a financial institution for 35 years (33 years more) and I pay monthly $700, current interest 3.91%. I would like to buy a car and I thought I would ask the financial institution for a loan of $15000. They said that the interest rates for my condo will go up to 4.15% and I’ll pay approx. $800 monthly for 33 years. Now my question is, should I go through the financial institution or go to a car dealer and engage in car financing? Pls advise.

Answer 1

Under your condition,I propose visit here to get some ideas.http://carloan.onlineidea.info/free-car-...

Answer 2

NEVER get financing with a car dealership. Would you buy a car from a bank? Then why the opposite?

Well the dealer are known to scam their client of SALES of cars, now they find ways to scam the clients in the loan also.

Whenever possible, get a loan from banks, credit union (best), etc.

Good luck...

P.S.  Read some of the posts / question here and you will see very quickly how often people were promised one interest rate, then find later they signed a contract for another rate (too late).