A loan contract is a separate contract between you and a lender, such as a bank. The dealer is not part of this contract and you do not have to obtain the loan from the dealership. You may wish to shop around for the best loan for you.
Every application for a car loan will be recorded on your credit file, even if you do not go ahead with the loan. Click here for more information on credit files.
Before signing a car loan contract you should read the terms and conditions carefully, paying close attention to:
Negotiating an arrangement to pay by installments or to settle the debt.
Refinancing the loan