If you are searching for a car loan, there are a number of things you should know. It is important to compare offers from different lenders, auto loan rates offered to you by different lenders may vary not just a little, but a lot. If you understand how lenders interpret credit information and knowing your credit score and what is contained in your credit file you are better able to negotiate the best car loan deal possible.

With that in mind, here are a few tips that will help you negotiate the best car financing possible:

• Obtain a copy of your credit report. It is highly recommended that you understand what is on your credit report long before you apply for any loan or credit card. Review your credit file and make sure that the information it contains is accurate. If errors are found, put your purchase off and take immediate steps to correct the information by contacting the three major credit bureaus
  
  
• When ordering your credit file obtain your credit score. Each of the three credit bureaus: Trans Union, Experian and Equifax each have a different scoring method therefore, when ordering a copy of your credit report it is best to obtain a three bureau report. The money spent for a three bureau report is well worth it; and could save you a thousands of dollars in interest charges.
  
  
• Apply to traditional lenders like banks and credit unions first. It's a good idea to try an obtain your loan from your bank as the rates offered by traditional lenders tend to be d lower than those offered by car dealers and sub-prime lenders. Every lender has a different credit policy and evaluate your credit history differently ; never assume that because you have poor credit you will not qualify for a loan from a direct lender.
  
  
• Apply online for your car loan as many online services like Car Credit Center allow you to submit your car loan application to multiple lenders. Applying online can save you time and money and allow yu to compare different offers from the comfort of your own home.
  
  
• Finally, remember that shopping around there is a very good chance you will find a lower auto loan rater. If you have poor credit that requires you to pay higher auto loan rates, remember that; timely payments on your loan, and careful attention paid to the overall state of your credit, can help vault you to prime status in as few as two or three years. At that point, you'll be in a position to refinance at a cheaper rate.