I am thinking of getting a new car (20K - 25K range) for my brother (he recently got his first credit card, around early 2013), so I might have to apply for better rates due to credit history. And since he is 18+, he has to be jointly applying on the application. He lives around Concord, New Hampshire, so getting a car from somewhere around there will be reasonable.
My primary bank is BofA. I have never bought a new car or a car from a dealership before. So what is the best route for the loan with best possible rate, apply BofA for car loan (lowest they offer is somewhere around 2.9% apr), or go with the companies (say toyota) advertisement offers, or go to dealership (I have read, and people have said not to do it).
My mind is clogged up with all the reading I am doing about car buying tips.
Any fresh eyes would be helpful.
Let me know if you need any more info. Thanks.