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Many people shopping for a new car immediately go to the car dealership for financing because that is the simplest way to proceed. However, going to a local credit union to set up financing can frequently get you loan terms with more flexibility and lower interest rates.

Credit union auto loans can be secured over the phone from the car dealership you're shopping at as soon as you find a car you like, especially if you stop at your local credit union and talk to someone in advance. The dealer can help you set up the paperwork once you've found a car.

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