- A direct auto loan is a loan obtained directly from a financing institution without involving the dealer. In many cases consumers will work with their direct lender to finalize financing before going to the dealer. Credit unions are an example of a direct lender.
- An indirect auto loan is a loan which is obtained at the dealership. In most cases, the financing is tied directly to the car and the dealership where the car is purchased. Captive lenders such as Mercedes-Benz Financial Services and Volkswagen Credit are examples of indirect lenders.
A Guide to AutoGravity
Everything you need to know about AutoGravity and car financing.