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New Cars - A Reality Check Meridian ID

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
(208) 888-3559
613 S Meridian Rd
Meridian, ID
 
Penske Truck Rental
(208) 938-0846
943 W Overland Rd
Meridian, ID
 
Enterprise Auto Rental
(208) 321-7936
213 W Fairview Ave
Boise, ID
 
Enterprise Rent-A-Car
(208) 672-0585
222 Auto Dr
Boise, ID

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Penske Truck Rental
(208) 288-1827
103 N Broadmore Way
Nampa, ID
 
U-Haul Company
(208) 846-9482
2055 S Locust Grove Rd
Meridian, ID
 
U-Haul Company
(208) 893-5180
2490 W Franklin Rd
Meridian, ID
 
Dan Wiebold Ford
(866) 854-3061
5707 East Gate Blvd
Nampa, ID
 
Avis Rent A Car
(208) 468-7932
16019 Idaho Center Blvd
Nampa, ID
 
Enterprise Auto Rental
(208) 672-0585
33 Auto Dr
Boise, ID
 
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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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