Finding the best rates and the lowest auto loans will depend largely on your credit history. The lowest interest rates are generally given to those who have established themselves as reliable borrowers and who can demonstrate to the lender the resources to pay back their loan in a timely and consistent manner. For those whose credit isn't at the top of the heap, there are options that can get you a good deal despite a wanting borrowing history.

Subprime lenders specialize in providing loans to those who do not qualify for the lowest rates. While subprime loans will always have a higher interest rate than is truly desirable, they present a means to improve one's credit over time. By keeping timely on payments and establishing that your poor credit is a thing of the past and that you're ready to move up in the world, a subprime loan can be an excellent means to both finance your vehicle and improve your credit score.

The lowest auto loans in terms of rates are generally offered by banks. Interest rates typically hover around 6-7 percent per year for those with excellent credit. Banks have a deserved reputation for being the hardest lenders from which to secure financing, so many people avail themselves of other means.

Some of the lowest auto loans can be obtained from the dealers themselves. The dealers work with various lenders to make certain that there are financing options available for all their customers. Remember, they want you to have the car just as much as you, so they're often quite skilled at finding suitable arrangements for financing.

The Internet is another great place to search for auto financing. Some of the lowest auto loans are offered by the various companies doing business online. Many of these companies are national funders which means their services are available to everyone and anyone who qualifies for their financing. These companies work with customers who have excellent credit and customers who have none, making them a great resource. Many of them offer instant quotes on the amount of financing for which one is eligible and the terms, making them even more attractive.

When you're ready to buy, make sure you have your credit report in order before you seek financing. The lowest auto loans will not be available to those with outstanding debts, many past-due payments on their credit report and other blemishes. Try to reconcile these before buying. Watch out for mistakes on your credit report, as well. They all too frequently happen and can have incredibly negative impacts on your ability to borrow. Mistakes can take up to 90 days to correct, so plan ahead!