To get a lower interest rate on a car loan, consider the following steps:
Improve your credit score by paying off debts and making timely payments.
Shop around for car loans from multiple lenders to compare interest rates.
Choose a shorter loan term to reduce the overall interest on the loan.
Consider a secured loan, such as a car title loan, which may have a lower interest rate.
Negotiate the interest rate with the lender, and provide evidence of your ability to repay the loan.
Learning financial topics and understand how it actually impacts you personally can be daunting, but our mobile app makes it easier to understand a variety of effects such as interest rates, inflation and taxation on your long-term savings.