How Do I Get the Best Auto Loan Rate?

(ARA) - You need a new car, but maybe your credit is less than perfect, the trade-in value of your current vehicle has dropped dramatically and you've struggled saving enough money for a decent down payment.

This leaves you searching for an auto loan.  Undoubtedly, you'll have a lot of questions about the process. Questions like, how do I get the lowest interest rate on my loan, how does my credit score factor in to the process and is leasing or buying better for me?

Which vehicles have rebates and incentives that could make my total loan and monthly payments smaller, and most importantly, how do I get the best deal for my money?

The answers can be found at AutoLoanDaily.com, a Web site packed with all of the information you will need if you are in the market for a new car. This site helps people with good, bad and no credit learn about the car-buying and auto loan process.  

It provides up-to-date reports on new car research and gives some great tips on how to haggle for the best price. Autoloandaily.com also addresses the mistakes most buyers make when shopping for an auto loan and a car.

With just a few clicks, you can find information on auto loan interest rates as well as articles covering a variety of car topics from fuel economy and current recalls to the improvements expected in future vehicle models.

You'll also have the chance to ask your own questions about auto loans in the "ask the dealer" section. You can submit a question about the auto loan process and one of AutoLoanDaily's experts will answer your question.  

Don't forget to check out the rebates and incentives for different models, or the special financing offers by some of the manufacturers.

Once you complete your car and auto loan research, click on the Auto Loan Calculator to determine what monthly payment range you can afford. Then you can go to several dealers, informed and prepared to negotiate. Use the "tips of the day" to strengthen your negotiation skills and find out the secret tactics dealers use to get you to buy and make the biggest profit.

After gathering your research and information about the auto loan process from AutoLoanDaily.com, you will drive out of the dealer in your new car, knowing you got a great deal.

Copyright © 2008, ARAnet, Inc.