Would it be better asking for a car loan at my bank or use Volkswagen Finance?

I just wanted to know what are the benefits of using Volkswagen Finance? And would I get a lower interest rate using VW Finance? I am asking because I have 2 family members that tried getting a loan at Hyundai and Toyota and both got declined but then when they went to Volkswagen they both got approved 0 down with

I just wanted to know what are the benefits of using Volkswagen Finance? And would I get a lower interest rate using VW Finance? I am asking because I have 2 family members that tried getting a loan at Hyundai and Toyota and both got declined but then when they went to Volkswagen they both got approved 0 down with 0% interest. I Just wanted to know is VW Finance a better choice? Weather I go for my bank or VW finance I will get a Volkswagen Jetta TDI (This is my first car)

Other answer:

Ianab:
If it's a new car you may get a better deal via the manufacturers finance department. They will offer low interest rates to encourage people to buy new cars, and so increase their sales. They might not make any money on the finance, but they sold a car, and made money that way.

The bank needs to make a profit on the loan.

But, it doesn't hurt to talk to your bank and see what they can offer first. Then when you see the deal that VW offer, you will know if it's a good one or not.If it's not better than your bank, then you go back to your bank and get the loan off them.

For a used car, your bank will usually be able to offer a better deal then the dealer.

nt:
90% of the time, you'd get your best rate at a credit union.

Any 0% offers are usually INSTEAD of a lower price and often a lower price and your own financing might be a better bet.

That said, a brand new car is a really bad bet. Most millionaires, including myself, buy used cars. Because they didnt get to be a millionaire by spending lavishly.

AlCapone:
Apply for a pre-approved car loan at your bank or credit union. Then, if a dealer offers you a better deal, go with it. Otherwise, go with the bank's deal. You have a choice.
rick29148:
VW is in a deep slump because of the diesel pollution scandal and there sales are down. The U.S. government just got an agreement from VW on $ 14.7 BILLION in fines, and there are still the repair/replace on 600,000 + defective cars to deal with. Result – There are some that don't think VW can handle all these bills and fines and that it may be a fatal mistake for the whole company. SURE you want one ??? With all this bad news, the dealerships should be dealing…
mccoyblues:
Ask them both. Compare their offers and accept the best offer you get. There is no harm in asking several different lenders for their loan rates.
bo:
ask your bank what their rate is. and see if they might come down if your a regular customer. then find out what the dealer rate is then tell them after they tell you if your bank is better than see if their willing to come down to match or do better. word of caution before signing the papers read contract carefully to see if the rate is the same
Mr.357:
Check with both and see which is best. For the last vehicle my son bought (used) he was pre-approved by his credit union for $25,000 at 3.75 APR and 60 months. The dealer got him 2.99 APR, $30,000 ($0 down) for 66 months.
ryan:
I think Bank, then you can go shopping
Bill:
Compare rates and then chose the one with the best APR.