How many lenders should I shop for an auto loan?

How many lenders should you shop for an auto loan? 

Don’t settle for the first offer!

Experts recommend getting quotes from 3–5 lenders — including banks, credit unions, and online lenders. 

Why? So you can compare rates, spot the best deal, and avoid overpaying.

Pro tip: Get preapproved before stepping into the dealership — it gives you negotiating power and peace of mind.