Larry's Car Buying Tip of the Week for 6/24/2025

If you're going out to buy a car this weekend and choose to use dealer arranged financing, be aware of what you sign allowing the dealer to submit your application to multiple lenders. Some dealers may submit your credit to as many as 20 different lenders. This means your credit will be ran at least 21 times. Before you sign a credit application, discuss this with the dealer and limit the amount of lenders they may submit your information to.