Direct auto loans constitute a relatively small share of the market—estimated at roughly —as many consumers find the convenience of dealership financing (indirect) easier, despite potential higher costs. However, for most borrowers, direct financing remains the better choice for ensuring fixed terms and avoiding unnecessary fees.
: There is typically a smaller variation in consumer rates because direct loans bypass discretionary dealer markups common in indirect financing. auto loans direct
: Most lenders offer a conditional preapproval letter that locks in an interest rate for 30 to 60 days . Direct auto loans constitute a relatively small share