HSBC Auto Loan?

I know that HSBC will refinance a car loan. However, will HSBC give you a loan for a new car in such a way that one can go to the dealer and have worked out their own financing with HSBC. I don't mean do they have programs such that dealers can use them to finance. I mean, can I go into HSBC and fill out the paperwork for an auto loan, then go pick the one that I want, and they cut the check.

Are there any other banks who are known to lend to a variety of credit scores (translation---of course Wachovia or Chase will give a signature loan to a 50 y.o. with an 850 credit score, little to no debt and a 250k income! BUT, this is NOT what I am talking about!) who may do this. Again, my friend for whom I am asking this question has decent credit, just not stellar and HSBC gives credit to people in all sorts of circumstances, so I am looking for a bank with similar policies, etc.

HSBC Auto Loan?

To be completely honest with you HSBC and all other banks that I know about, which is about fifteen, have deals already cut with the auto dealers, that beat the rate of interest that you can get on your own. You can do it that way, but the dealerships have a blanket deal with most banks for all the type of car purchases that are made. Also, they will play one against the other and make them cut to the bone in order to get the deal. But, you also must remember, that the financing manager at a dealership get paid a spread on every car that he obtains financing on and he will probably never give you the best rate available to him, but they are almost always better than a retail auto loan made by the bank directly to a buyer. Zero interest rates are still out there at some dealerships, so shop around. By the way, the dealership will also have the ability to work with marginal or just decent credit. HSBC, to my knowledge is not the best bank, with or without dealing directly or going through the auto dealer. Wachovia and Chase will compete for your business, especially via the dealership.

HSBC Auto Loan?

A friend of mine found a good auto loan at this site. This company gave him a loan for a certain amount and all he had to do was take that to the dealership. Here's the site

http://www.1-800badcredit.com/bad-credit...

HSBC Auto Loan?

Capital One does this for customers, also any bank branch.

Keep in mind that regardless of who you go through someone ALWAYS gets a spread.