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New Cars - A Reality Check Trumbull CT

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.

Choice Equipment Rental
(203) 335-7368
550 North Ave
Bridgeport, CT
 
U-Haul Company
(203) 333-0288
309 North Ave
Bridgeport, CT
 
Penske Truck Rental
(203) 334-8367
225 Boston Ave
Bridgeport, CT
 
Hertz - General Electric Delivery Location
(203) 373-3541
3135 Easton Turnpike
Fairfield, CT
Hours
Mo-Fr 0830-1700
Sa-Su 0900-1500
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Gold Counter Service
Additional Information
This location is for General Electric employees only.

Avis Rent A Car
(203) 380-2414
99 Beardsley Ave
Bridgeport, CT
 
Enterprise Rent A Car
(203) 367-2055
370 North Ave
Bridgeport, CT
 
AAA Auto Rental
(203) 371-6957
887 Reservoir Ave
Bridgeport, CT
 
U-Haul Company
(203) 368-2584
636 Boston Ave
Bridgeport, CT
 
Dollar
(203) 331-9735
940 E Main St
Bridgeport, CT
 
Affordable Motors
(203) 362-0259
408 Grand St
Bridgeport, CT
 

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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