Hi,
Dealerships are not required to set you up with the lowest interest rate that you qualify for. Say you can might qualify for a 6% loan on a $100,000 purchase, and you would pay $6,000 the first year in interest. If they can get you to accept a 8% loan and pay $8,000 in interest the first year, they can get a kickback from the finance company, and not telling you about any money they get back or pay to originate your loan is perfectly legal.
Normally if the dealership is giving it's customers a 0% interest loan, they are paying the finance company a fee to set up the no interest loan. This might be as much as 10% of the purchase price.
Anyway I would recommend that you check with
https://www.lightstream.com/ because they gave me a 3% interest rate, and all the paperwork was done over the internet. They even electronically deposited 35 cents into my checking account, (to verify that the account was valid and worked) and then now take out the car payment each month automatically.
Good luck,
Fred.
