Buying a car can be a big financial commitment, and while some may have the savings to pay for it outright, many rely on finance to help them get the right car when they need it most.
Those who are in the market for a new car generally spend a fair bit of time shopping around for the right make and model, so it makes sense to consider spending some time comparing car loan options too.
If you walk into a dealership with the intention to buy a car on finance, the dealer will typically contact their preferred bank or lender and arrange a loan for your new car on your behalf. While this may seem like a convenient option, it might mean missing out on more suitable and/or more competitive loans with banks and lenders that the dealership does not have a relationship with.
On the other hand, if you do your due diligence by comparing all of the finance options available to you, you could potentially end up finding a much better suited loan.
Unless you put the time in to compare your options, you might miss out on discounts or certain features that could appeal to you.