Time to buy a car! Car loans are cheap; but only if you have good credit. Those who have poor credit are going to pay more. Here is how you can get the best car loan.

1. Step 1
   
    
   Have a Down Payment

   Check your finances and figure out what you can REALLY afford, because no car is worth going broke over. Do not finance a car for more than four years and you should try putting 20 percent down so you have equity in the vehicle. And stay away from payments that are more than 10 percent of your income.

2. Step 2
   
    
   Check Current Incentives

   You need to do your homework. Research current incentives (low-rate financing, cash-back, or lease deals) by using resources such as edmunds.com, car.com and Consumer Reports. And although dealerships are offering great deals on leases right now, keeping your car for 10 years or ...

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Borrowing money to buy a car isn't hard if you have two things - sufficient income and a good credit rating.
 

1. Step 1

   Choose your new set of wheels and negotiate a price with the seller (see 'eHow to Buy a New Car').

2. Step 2

   Research interest rates. Several Web sites, such as Bankrate.com, publish surveys of loan rates across the United States. Compare the rates with those offered by your local bank, credit union or car dealer.

3. Step 3

   Find out what your current car is worth as a trade-in. Research values in the Kelley Blue Book Used Car Guide, available at the library, your bank or on the Internet.

4. Step 4

   Determine how much of a down payment you can make. Use your trade-in value and cash - or just cash - to come up with the standard 20 percent usually required. Talk with the car dealer that has ...

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1. Step 1

   The first thing to know is if lenders will consider you eligible for an auto loan refinance. Typically lenders will not refinance a car loan if the car is more than seven years old or has more than 80,000 miles on the odometer. Most lenders will not refinance loans with balances of less than $10,000. Lenders will also not refinance any of their own auto loans.

2. Step 2

   Shop around on the Internet to find cheap car refinancing rates. The internet is bursting with auto refinancing web sites. There are also many web sites that act as a broker, and will gather four or five competitive bids from different lenders who want to offer you a refinancing loan package.

3. Step 3

   Contact the three credit reporting agencies, and ask for your annual free credit reports and credit scores. Knowing your credit score will save you time ...

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