Dealer financing vs CarGurus financing

10

Asked by GuruDWYJYZ May 07, 2024 at 09:45 PM

Question type: Shopping & Pricing

If I obtain financing from a brand dealership, am
I able to use that financing to purchase a car
with CarGurus?
If you won’t accept dealer financing, would you
accept any financing of my choice?

3 Answers

157,465

Cargurus doesn't sell anything. They're just an advertising site similar to Craigslist, Facebook Marketplace, etc. Car dealerships use third parties such as Bank of America, etc. for financing. So in any case what you're doing is buying the vehicle, asking someone else to pay for it, and you agree to pay them back. You could, and I've done this, get a personal loan, deposit that money into your bank account, then when you buy a vehicle simply write a check for the purchase price. Some low level dealerships will do the financing in house. They're called buy here pay here dealerships. You put down, usually, half the purchase price of the vehicle in cash, then agree to pay the dealership the rest of the money weekly. Jim

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157,465

You're welcome, glad to help! Thank you for the best answer click! Jim

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