One of the easiest ways to lower your interest is to pay a larger down payment.  Lenders like to work with those who can afford to pay a huge chunk of the cost of the vehicle up front- because these people are more likely to pay on time and less likely to go into default.  If you want the best rate, you should try to pay at least 20% down.

Another easy way to lower your interest rate is to shorten the term of the auto loan.  Although a lot of lenders are offering loans with longer periods, this allows people to get cars they can’t really afford.  The optimum timeframe to pay off auto loans is three or four years, and those who can accomplish this are rewarded with reduced interest.

These are great strategies for getting auto loans with lower interest, but the best tip of all is to maintain a good credit score.  All lenders use a consumer’s credit report as part of their application, and those with tarnished credit usually get loans with higher interest.  Make sure your credit is good, and you stand a much higher chance of getting the loan you want at a rate you can live with.