How to compare auto financing rates

It is important to compare the auto financing rates that you obtain and those the others have. Through this you are able to determine the reason why you might be paying more or less compared to them. Since auto financing rates are affected by different factors, you can start the comparison by looking into the following:

1. Your credit score

The credit score is considered as the most important basis used by banks in granting loans. When your credit score is higher, you might qualify for more loans with lower interest rates tied to it. However, when your credit score is lower there might be a limited number of loans that you can qualify. In addition to this, you don