If you get an auto loan through a dealership, the dealer is likely to look at the car loans available for you and then mark up the loan rate, say from 10 percent to 13 percent, says Greg Thibodeau, CEO of myAutoloan.com. The difference is profit for them.
For a better deal, go online to find direct lender offers. Bankrate lists recent auto loan rates in your area. You can secure a car loan online before going back to the dealer.
Also consider going to your bank or credit union equipped with the rates you found online to inquire about an auto loan.