Most people really get taken for a ride on their auto loan. Did you understand that differences in the total cost of different auto loans might run into a thousand dollars or more? Heres how you might get the lowest rate:

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  Make a list of different auto loan lenders and their interest rates and terms, before you go to the dealer (the web is usually the easiest way to do that). Did you understand dealers get a commission on the loans they refer? If youre not careful, that extra bit of money for the lender could mean you pay a higher rate than you would if you got the loan yourself.
  


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  Get a credit report and figure out your FICO scores. Removing any incorrect negative experience from your report will help you get a better deal. Knowing exactly what your score is will help you figure out what interest rate you may realistically get.
  


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  Have bad credit? Try going to your credit union, bank or another institution where you have a relationship. Lenders like to help out established customers. If your bank still wont help, online "bad credit auto loan" lenders usually offer better less expensive loans than dealers who advertise their workable deals for everybody with poor credit.
  


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  Use a vehicle loan calculator. It will tell you what your loan will cost each month. It saves you the instant of looking at vehicles you can not afford, makes you aware of what data you will positive need to apply for a loan, and is a "reality check" of your financial condition.
  


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  Comparison shop, comparison shop, comparison shop. You do not get the least expensive car by choosing a dealer at random, and you will not get the least expensive auto loan that way, either.
  

Start researching your options now:

Get credit reports and FICO scores here:

Use this vehicle loan calculator:

Comparison shop among these lenders:

Joel Walsh is a regular contributor to Auto Loan :http://www.cars-auto-loans.com, a internet site with information on car loan lenders, vehicle loan calculators, and other auto loan tools