Auto Loan Basics Advice & Articles

Auto loan broker vs. lender

A broker serves as a matchmaker between the consumer and the lender. A broker does not actually fund the loan but does use the consumer’s information and credit report to find a lender that can provide the most appropriate loan for a given consumer.

The LendingTree auto network may contain brokers in addition to lenders. To fulfill their role, these brokers may share the consumer’s information with one or more lenders. Rest assured, no lender or broker participating on the LendingTree network will ever charge the consumer an application fee.

 

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