Currently on my second car with a Toyota dealership and would like to change to a Honda for my next one.
How does car financing work and what are my options for returning my Toyota and moving over to Honda? Is it possible to transfer value from the car I’m currently financing into a deal with Honda or would I need to completely end things and return the Toyota and start fresh with Honda?
In: Economics
While you might get financing at a dealer, the actual money comes from a bank or a manufacturer’s lending subsidiary. Once you sign the forms, the dealer has no hold on you because it wasn’t their money in the first place. For warranty work, you can go to any dealer.
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