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New Cars - A Reality Check Crawfordsville IN

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 Rent-A-Car
(765) 474-0858
3107 Builder Dr
Lafayette, IN

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Enterprise Auto Rental
(812) 423-1599
00 N Fulton Ave
Evansville, IN
 
Enterprise Auto Rental
(317) 243-8988
602 S Banner Suite 1
Indianapolis, IN
 
Enterprise Auto Rental
(317) 352-0991
602 E Washington Street
Indianapolis, IN
 
Budget Rent A Car
(812) 376-7697
735 Whitfield Dr
Columbus, IN

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Hertz - Lafayette Aviation
(765) 447-4038
7 Purdue University Airport
West Lafayette, IN
Hours
Mo-Fr 0800-1800
Sa 0900-1300
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only.

Enterprise Auto Rental
(317) 780-4433
901 S East St Ste B
Indianapolis, IN
 
Enterprise Auto Rental
(317) 571-7999
445 Haver Way
Indianapolis, IN
 
U-Haul Company
(219) 554-1539
6725 Indianapolis Blvd
Hammond, IN
 
Enterprise Auto Rental
(317) 635-4340
07 S. Capitol Avenue
Indianapolis, IN
 
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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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