Get the Best Car Loan Rates by Knowing Where to Look for Them

Dec. 14, 2009 - PRLog -- You can get the best car loan rates (http://www.crestcarloan.com) if you know where to look for them. Based completely on your credit score you will be able to find that lender of your choice which can either be a prime or a sub-prime lender, the most practical way to find the right lender is to request free online quotes from them and then narrow the choices.

Difference Between Prime and Sub-prime Lenders

Prime and sub-prime lenders offer different types of loans and their interest rates are also greatly different. For instance prime lenders offer loans only to those that have a credit rating above 650 whereas sub-prime lenders offers loan to everyone irrespective of their credit rating where as some car loan companies (http://www.crestcarloan.com) offer loans to all kind of credit ranking individuals.

Now as you would already have guessed sub-prime lenders offer car loan rates (http://www.crestcarloan.com) with higher interest rates because of the risk, though most reasonable lenders offer car loan rates with only a couple more points for most kinds of loans.

Who Has the Best Car Loan Rate?

The only way to answer that question is by doing one's own surveys, and shopping round. One thing you should remember is to also consider is lenders fees which many lenders will initially not inform you about outright. Fortunately for us, government requires lenders to disclose the ARP of loans which makes shopping around a lot easier. This APR consists of both closing costs and car loan rates (http://www.crestcarloan.com).

Find the Right Lender that Will Offer You a Good Car Loan Rate

The best place to start getting car loan rates (http://www.crestcarloan.com) is online not at a dealership. You can't be sure of getting the best deal because of the incentives the salesman is being offered. Start at some car loan broker site (http://www.crestcarloan.com) where many lenders group together, you can easily access free quotes, some with good rates there. But be sure not to give out permission to access your credit score to any of them until you are sure you want to go with their offer. The multiple credit inquiries will lower tour score.

While there are no instant solutions to getting good car loan rate (http://www.crestcarloan.com), the process gets faster online. Just a few hours you spend securing your car loan rate will save you money as well as make the process getting your car a much easier and better experience.

# # #

Crest Car Loan is your best source for car loans or bad credit car loans online. More information about Crest Car Loan can be found at http://www.crestcarloan.com.