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New Cars - A Reality Check Searcy AR

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
(501) 268-6099
2204 E Race Ave
Searcy, AR

Data Provided by:
Auto Rental of Jonesboro
(870) 932-0221
3901 Lindbergh Dr
Jonesboro, AR
 
Budget Rent A Car
(479) 521-5944
2325 Shady Grove Rd
Springdale, AR
 
Avis Rent A Car
(910) 487-9065
419 Cross Creek Mall Ste 400
Fayetteville, AR
 
Enterprise Rent-A-Car
(501) 268-6099
2204 E Race Ave
Searcy, AR

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Budget Rental Car
(501) 268-8235
1614 E. Booth Rd.
Searcy, AR
Hours
Mon-Sat 8to6
Special Services
Free pick up

National Alamo
(888) 868-6203
Fort Smith Regional Airport
Fort Smith, AR
 
Presidential Conversions
(870) 933-7270
2500 Commerce Dr Bldg A Ste B
Jonesboro, AR
 
Enterprise Rent-A-Car
(479) 648-1117
1410 Zero St
Fort Smith, AR

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Hertz - Super Marine Of Little Rock
(501) 375-7307
2201 Bond Avenue
Little Rock, AR
Hours
Mo-Fr 0600-0030
Sa 0600-2300
Su 0600-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

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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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