Hello everyone, i’ve recently been in the market for a car and i’ve found a car i like. i called the dealership and they told me that because they’re out of state, they cannot offer me in-house financing. so now i’m trying to figure out how car loans work since the only other car loan i had was through the dealership, and i didn’t have to go through the hassle of getting pre-approved myself. this car is listed at $25,995 (before fees), and I’m able to put $8,000-$8,500 down right now. when applying for a loan, do i apply for the car’s full otd amount? or do i just apply for the remaining amount i need financed? in other words, am i supposed to get a check for the full price of the car? or do i give the down payment to the dealership and then give them a check for the rest that i’ve financed. also since i’ve never done this, what happens after getting pre-approved and what steps do i take once i get there. any help is appreciated, thanks!
