Best Auto Loan Rates are best pawned off to those who don’t have enough credit. They are especially useful if you’re trying to refinance and save, but an auto loan doesn’t come with it’s own interest rates. This makes these rates, which are based on the CCC (Cash Cost of Credit) method, less than they would be otherwise. These loans can get you a car in as little as 2 weeks with financing at 0%.

How to look for Best Auto Loan Rates

1. Establish credit score.

This can be done by using other credit cards and obtaining a small loan from the bank. To further establish this score, try to open a credit card. Hopefully you won’t need to use it for anything more than the establishment of your credit history.

2. Get an FTLP (Fair, Transparent, and Level Playing Field) quote for your car.

This will give you the option of getting zero-interest financing for 72 months or 84 months, depending on how far along in the game you are.

3. Get your car financed at another dealer.

Don’t go to the first dealer that you find, as this will give them an advantage over you. Go to a dealer that offers the best rates.

4. Budget for Auto Loan Payments On Time

The best thing to do if you want your loan financed is to stick with on-time payments until it is paid off.

5. Hire an attorney to help take care of the loan process.

This will save you time and money in the long run.

6. Don’t ever try to repay the loan early without a prepayment penalty if you go late on a monthly payment.

There is no reason for you to pay more for financing than necessary, neither should there be any reason for finance companies to impose penalties on you if you’re careful enough not to go late on payments.

7. There is no reason to call the dealer up and ask for better rates, as they are set by the finance company.

This can cause headaches, or worse if you go to the wrong dealer.

If you want better rates, don’t be shy about calling them and asking them for a lower rate before going to a different dealer that may offer an even lower rate.