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New Cars - A Reality Check Clinton IA

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.

Enterprise Auto Rental
(319) 362-7000
200 16Th Ave Sw Ste B
Cedar, Rapids, IA
 
Enterprise Auto Rental
(515) 331-1000
141 Merle Hay Road
Des, Moines, IA
 
Hertz - Newton Municipal Airport
(515) 285-1382
2201 South 20th Avenue
Newton, IA
Hours
Mo-Fr 0800-1800
Sa-Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for private flights only. No walkins allowed.

Hertz - Livingston FBO
(319) 287-5189
2814 Betsworth
Waterloo, IA
Hours
Mo-Sa 1000-1900
Su 1400-1900
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park vehicle in the FBO parking lot. Please leave the keys and contract at the FBO counter.

Enterprise Auto Rental
(319) 393-2200
800 Dodge Rd Ne
Cedar, Rapids, IA
 
PRO Sign Champion Screen Print & Embroidery
(319) 233-2255
2519 Falls Ave
Waterloo, IA
 
U-Haul Company
(319) 338-2021
2601 2nd St
Iowa City, IA
 
Enterprise Rent-A-Car
(319) 393-2200
1800 Dodge Rd Ne
Cedar Rapids, IA

Data Provided by:
U-Haul Company
(319) 232-3654
3633 University Ave
Waterloo, IA
 
Budget Truck Rental
(319) 354-4784
1640 Highway 1 W Ste 1
Iowa City, IA
 
Data Provided by:

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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