Finding the Best Car Loans Possible One thing that many people are not aware of when they get older is that finding a good percentage rate on car loans may become very difficult; unless you have a great credit report/number. That's why it is very important to keep a close eye on your credit (whether it is bad or good) to make sure that when you are looking at different car loans you are able to choose the best one. No matter who you are; there are many ways of getting good auto loans that fit your income. In fact, one way that many people find good car loans is by going directing through their personal bank or credit union. Another way that people get a good percentage rate is by going directly through the car dealership; whether it is through Chrysler, Ford, Chevrolet, Mazda, Toyota, or even Volkswagen. Either way you choose, to get your loan, you will still have to look for the best deal and lowest interest rates. However, in most cases when people get car loans directly through an auto company they will have to have a really good credit score; with minimal things on it (that's one of the many reasons why people go to their local bank or credit union). When finding the best loans for your situation, one of the most important things that you will want to consider is how your finances were, are and will be in the future. In fact, that is one of the first things that a financial institution will look at when considering any type of car loans. Another thing that they will look at is how the individual(s) have paid loans in the past (whether they were on time or late paying). Another very important factor of getting any type of car loan is your debt to earnings ratio; which is how much you are in debt compared to how much money you make. Along with having some of the basic information for getting auto loans, some other information that a financial institution may request is your work record, your personal standing (whether your married or not) or other things that you may have to use for collateral. As you will find out that no matter what type of credit you have, there will always be some place where you can go to get car loans from. Even though you can get auto loans will poor credit it is still better to have good credit so that you can have lower interest rates and are able to go where you choose for the loan.