It not uncommon to hear certain remarks from a dealership in regards to the finance company abilities that can be misleading. We will cover these myths that could cause you an issue down the road with the finance company.
One of the most popular dealer myths is after you have financed the car the finance company can refinance you at a lower interest rate after a year or so.
When your purchasing an automobile through a dealership and you are being financed through an alternative source other then then the dealership then the loan is a indirect loan.
You could refinance but not through the same finance company.
That loan would be a direct loan.