How will I know that I am getting the best rates for my auto loan?
The smartest, most important thing to do before you sign that dotted line is to do research. Shop around interest rates with some major banks and online providers. A good idea would be to look for an online auto loan calculator and crunch some numbers (various loan terms, down payments and interest rates) so that you can pre-determine what you can anticipate to pay for your financing.

Dealers mark-up auto loan rates!
Dealers send banks millions of dollars in business every year. As a result, the banks will provide the dealers with low interest rate loan package, also offering the dealers a 'buy rate' for your loan. This means that the bank will want a minimum rate for your loan. Any higher amount that is obtained will be given as compensation to the dealer. For example, suppose the bank is willing to provide a car loan rate of 8%. The dealer in turn will offer you the same financing package at 9%. As a result of the mark-up, the dealer is going to make 1% from your loan. Seems like a shady practice. Unfortunately, this is a very common occurrence.
Order a copy of your credit report to ensure accuracy and up-to-date information!
It is common practice for dealers to send your credit information to multiple banks and lenders when looking to assist you secure financing for your new car. Whether or not you achieve approval, as well as the loan amount, interest rates and terms of your auto loan will be determined by your credit history. Therefore, it is good practice for you to obtain a copy of your credit profile prior to applying for a car loan. A quick credit check will help disclose any negative marks as well as influencing errors and/or misinformation on your credit report. Any errors listed will need to be disputed immediately. If information is not up-to-date, you will need to contact your creditors and make sure that they report your current credit history to all three major bureaus. If you have any negative marks on your report, you should research what you can do to improve your credit score.

GETTING THE BEST NEW CAR LOAN INTEREST RATES
Are you looking achieve a new car loan from a dealership? The information featured below will educate you so that you will be able to achieve the lowest new auto loan rates possible, even if you have bad credit or no credit!