Should I finance a car through bank or dealership?

Posted: 09:50 AM ET

HELP ME CLARK!
From HLN's Money Expert Clark Howard

DWIGHT:

Is it better to get a loan from your bank for a certified used car or try and get financed through the dealer?

CLARK:
Absolutely 100% of the time you go to your bank to get pre-approved for a car loan for a used or new car.

Now if the car dealer will then meet or beat the interest rate offered by your bank, fine to do it with the dealer.

But almost always if you don't shop in advance for that loan you're gonna get chopped off at the knees.

Filed under: Auto • Clark Howard • Living

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CNN's team of experts share their top tips to help you become a wise consumer. We know you're busy, and that's why our tips are quick and effective. From health to personal finance, we'll arm you with the information you need to make smart choices.

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Clark Howard is HLN's money expert, hosting his own show on weekends.

Gerri Willis is CNN's Personal Finance Editor, hosting Open House and appearing regularly on American Morning.

Ali Velshi is CNN's Chief Business Correspondent, hosting Your $$$$$ and appearing regularly on American Morning.

Dr. Sanjay Gupta is CNN's Chief Medical Correspondent and host of House Call.

Elizabeth Cohen offers up medical advice in her weekly Empowered Patient report.