Sometimes it is worth finding out what sort of deal another lender may give you for an auto before you go to the dealer, it may be the case that the dealer can be persuaded not to hike the interest too much if he wants your business. Banks and lenders will also look at your credit score and if it is bad, you are unlikely to get financing for an auto loan. You need to be very careful where you apply if your credit history is shaky, as dealers may send details out to the banks and inquiries into your credit history can often damage your score even further. If you have a really high credit score then there may be instances where a dealer will offer you an auto loan at a very low rate of interest and may even offer a rebate if the loan is paid off quickly, but only about three out of ten people are that lucky. Homeowners may be able to get their auto loan at a lower rate if they take out an equity loan, but even then this could be affected if you have a bad credit score.

Vivix credit solutions network of providers can help you repair your credit and make it easier for you to get a lower rate auto loan by assisting you with your credit report. Ask for copies of your credit report from the three national agencies Equifax, Experian and Transunion and check them thoroughly. Your credit score may be lower than you think it should be because there are things in your credit report that should not be there. A professional credit solutions company can show you the best way of dealing with errors and outdated entries on your credit report, repairing your credit record and improving your score. The main reason that people either get turned down altogether for an auto loan, or pay an exorbitant rate of interest, is because they have a bad credit score. You will find that your auto loan repayments will be much cheaper once your credit record has been corrected and errors and outdated items removed from it.