Question : Do you have to have an open checking account to be approved for a car loan through the dealership?
I have a savings account but not a checking account. I am wanting to purchase a new car and I am just curious if you have to have an active checking account in order to get approved for a loan through the dealership. Please only answer if you know the answer to this question.
open a checking account

Best answer:

Answer by timothy p
you do not have to have an open checking account. Some banks do like to see how well you manage your finances though. How are you going to make your payments? You will need something like that to do so even if you pay online.