Do I have to get my loan from the dealer?

You should shop for the best deal. Shop around to find out if a bank, credit union, or other lender is able to offer you better terms than the dealer. In fact, bringing a loan quote from a bank, credit union, or other lender can place you in a stronger bargaining position to negotiate the best possible financing terms with the dealer. Then you can compare what you have been offered by the bank, credit union, or other lender to the offer from the dealer and decide which loan to accept. If you do decide to ask about dealer financing, know that the rate the dealer offers is negotiable.