Jill Merriam Key Hyundai Blog

What a car dealer does with your credit application

July 3, 2017

why credit applications go to multiple banksWhy do car dealerships submit your credit application to get a loan for a new or used car to multiple banks?

Key Hyundai new and used car customers ask this all the time when they are shopping for a new or used car in Connecticut, and the answer is really simple.

To save you money.

In this video, Jill Merriam, Dealer For The People at Key Hyundai, answers a customer’s question about car financing, specifically, why we submit credit applications to multiple banks. (Hint: it’s to help you.)

Take a listen:

Do you have a question about the car financing or buying process? Email me at jillcares@keycars.com and perhaps you’ll be in a future video!

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