Where can I get information on auto loan rates?

Most lenders will publish estimated interest rates online, but you’ll need to either apply or pre-apply for a loan to get a precise quote based on your personal financial situation. Certain commercial sites may also give you estimated interest rates, but be aware that they may link you to specific lenders and dealers in your area, so be careful if they ask for your personal information.

Lenders associated with car manufacturers may also offer special interest rate deals for consumers with higher credit scores, but these loans are only available through the auto dealers.

How can I get the best rates and terms for my auto loan?

There are multiple ways to get an auto loan, including going through a bank, credit union, or the dealer. Keep in mind that interest rates through dealers are generally higher because their rates often add additional interest to compensate them for handling your financing. Regardless of the source, interest rates are negotiable.

Getting multiple interest rate quotes can negatively impact on your credit score(s). For most people, the cost savings shopping can outweigh any negative effect. You can also minimize any impact by getting rate quotes between 14 and 45 days.

Learn more about different ways to buy or finance a car or vehicle

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