A low advertised bank rate doesn’t automatically mean it’s the cheapest option for your next car. When you’re buying a new vehicle, dealer finance can sometimes be surprisingly competitive. Manufacturers may offer special finance programs or supported rates on selected new cars, which means the dealership could potentially offer something worth comparing with your bank. That doesn’t mean dealer finance is always cheaper — it isn’t. But here’s the mistake many buyers make: they walk into the dealership with their bank’s pre-approval and never ask, “What can you offer me?” Take five minutes to compare the interest rate, loan term, fees and total amount payable before making your decision. On a five-year loan, even a small difference can add up. So before you sign anything, compare both options. You might be surprised by what’s available. Save this before you finance your next car. And follow Dandenong Hyundai for more straight-up car buying and finance tips.