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New Cars - A Reality Check Norman OK

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.

U-Haul Company
(405) 364-1501
700 E Lindsey St
Norman, OK
 
Aarons Sales & Lease Ownership
(405) 360-2155
2209 W Main St
Norman, OK
 
Hertz Penske Truck Rental
(405) 364-4721
101 S Webster Ave
Norman, OK
 
Reynolds Ford
(405) 364-2371
1308 N Flood Ave
Norman, OK
 
Ferguson Buick GMC
(405) 321-5820
1015 N Interstate Dr
Norman, OK
Hours
Mon: 8:00 AM - 8:00 PM Tue: 8:00 AM - 8:00 PM Wed: 8:00 AM - 8:00 PM Thu: 8:00 AM - 8:00 PM Fri: 8:00 AM - 8:00 PM Sat: 8:00 AM - 8:00 PM

Budget Car & Truck Rental
(405) 360-3025
558 W Main St
Norman, OK
 
Enterprise Rent A Car
(405) 364-0123
103 Merkle Drive
Norman, OK
 
Hertz - 1306 North Interstate Drive HLE
(405) 292-0484
1306 North Interstate Drive
Norman, OK
Hours
Mo-Fr 0730-1800, Sa 0900-1200, Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations. In-Car Navigation System , Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.

Norman Chrysler Jeep Dodge
(405) 329-5770
551 N Interstate Dr
Norman, OK
 
U-Haul Company
(405) 360-1702
1102 N Flood Ave
Norman, OK
 

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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