This financial climate is more important than ever to shop around and compare car loan interest rates from various lenders. The good idea is to get a free online auto loan quote. You can then use that information to negotiate with your potential lender to lower your monthly payments and interest rate. Here’s how.
Get a Free Online Auto Loan Quote
Before you shop around, be sure to request several quotes from different lenders for your vehicle. The car loan interest rates you’ll find online are not always accurate because of all the variables that could change over time. Some lenders will offer better incentives and lower interest rates, though.
Set aside enough time to compare shops when you shop for auto loans. It’s a good idea to have a list of at least three quotes for your vehicle. Not only will this allow you to make comparisons easier when you do, but it will also give you time to make arrangements with your lenders if you’re going with a dealership or an independent loan company.