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New Cars - A Reality Check Celina OH

There is a common misconception that new-car dealers finance the cars they sell or lease. Not true. Dealers don't make loans or finance leases. A dealer may run a preliminary credit check on you prior to completing your paperwork, but this should not be interpreted as approval of your loan or lease application.

Uhr Rents
(513) 528-6929
4513 Mount Carmel Tobasco Road
Cincinnati, OH

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The Alleen Company
(513) 769-0393
11939 Tramway Drive
Cincinnati, OH

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Ryder Transportation Services
(513) 771-1133
2575 Commodity Circle
Cincinnati, OH

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SWAPALEASE Inc.
(513) 381-0100
9090 Colerain Avenue
Cincinnati, OH

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Enterprise Auto Rental
(937) 274-4477
806 N Main St
Dayton, OH
 
E-Con-O-Wise Rental Inc.
(513) 398-8626
781 Reading Road
Mason, OH

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E Z Rent-All Co.
(513) 943-8000
3950 Nine Mile Road
Cincinnati, OH

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Avis Budget Group
(859) 746-1859
P.O. Box 75109
Cincinnati, OH

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One Stop Rental - Tool & Party
(513) 777-3393
7971-B Cincinnati Dayton Road
West Chester, OH

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Enterprise Auto Rental
(614) 225-1035
3 E Nationwide Blvd
Columbus, OH
 
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New Cars - A Reality Check

In the years we've been in the automotive advice business we’ve received thousands of emails with questions about buying and leasing new cars.

Although each reader's situation is different, there seem to be general issues that show up over and over again that represent some common misunderstandings and misconceptions about new car buying and leasing. Let's address some of them now.

New cars are not financed by dealers
There is a common misconception that new-car dealers finance the cars they sell or lease. Not true. Dealers don't make loans or finance leases. A dealer may run a preliminary credit check on you prior to completing your paperwork, but this should not be interpreted as approval of your loan or lease application. He just wants to make sure he's not wasting his time on someone with serious credit problems.

A new-car purchase or lease deal is contingent on the dealer being able to find a finance company or bank who will agree to finance your deal, based on your credit history and debt load. The finance company pays the dealer for the car (which means the finance company owns the car), and arranges for the customer to pay them back the money for that car, plus interest. See for more details.

Dealers can ask you to return your new car
A dealer will allow you to drive away in his new car immediately after you've signed your loan or lease papers. This does not mean your credit has been approved or that your loan (or lease) ...

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