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Benefits Of Auto Financing on the web:
Dealers don't finance your car loan, they get a piece of the action from a bank. The higher APR they charge you, the more profit they'll make. Here's the benefits of getting your car loan from an online lender:

• Usually you pay lower APR to online lenders than you would at the dealer.
• Approvals are usually within an hour during business hours.
• You don't pay hidden fees, points, or prepayment penalties.
• Online lenders FedEx your check the next day after approval.
• When you buy the car, just give them a bank draft from your online lender.
• Less chance of the dealer calling you up later to tell you the financing fell through.
• You usually have 60 days to use the check, the APR is locked.

Try your own bank:
If you still prefer medieval banking, go down to your bank, sign in, wait for an hour to see someone, and ask how much you qualify for and get their current APR. Ask them if they match other bank rates. Usually in the Sunday or Monday business section in the newspaper they publish a table comparing all sorts of consumer car loan rates from banks in your city. Usually the bank rates are higher than the internet auto loan sites, that's why I recommend the internet sites first. Don't waste your time going to a bank and risk the humiliation of rejection without knowing what's on your credit report.

Credit Unions:
If you're a corporate employee, school district, government agency, college, etc., you probably have a credit union. Credit unions are easier on you than banks, they'll lend you more money at favorable rates, usually 2% better, but not as good as the car loan sites. Your credit union can approve you over the phone in minutes, printing your credit report during the call. They'll tell you what you qualify for.

Family:
Your family is a good source of financing for automobiles. Wouldn't you rather pay the bank of Mom instead of a bank? The only problem is that it does not establish credit for you, or re-establish bad credit. If you are looking to establish credit, just use family money as a 20% down payment and finance the auto loan in your name.

Equity In Your Home Can Fund Your "Car Loan":
If you have equity in your home, you can take out a home equity loan for down payments. Try for one with no fees. You can usually deduct interest from home equity loans from your taxes, effectively making your APR even lower! Don't borrow more than the house is worth. Banks will lend you 80% of the equity in your home. Forget those junk mail "checks" you get saying they'll lend you "up to" $80,000 based on the equity in your home. Home equity loans are usually 2% or higher APR than car loans.

Car Financing At The Dealer:
This should be your last resort. Dealers provide car financing from local banks or subsidized financing from the car maker, and charge higher interest than banks or credit unions. If you see 2% financing at a dealer, the factory is subsidizing the reduction in APR to make it more affordable for you. The problem is the dealer usually charges MSRP. If you finance at the dealer, NEVER take delivery of the car until you have the payment coupon book. This way they can't call you up a week later and say you did not get the financing, and jack up your payments.