Everyone wants to get the lowest possible rate on an auto loan. Getting a low interest rate means that the total amount of the loan will be much less at maturity. One of the best ways to get a low rate is to comparison shop. Finding a specific lender before going car shopping is a good idea, however it must be a lender that the selling company will approve. The best way to get a lower rate on an auto loan is to choose a vehicle that is more safe than dangerous. Camaros, TransAms and Mustangs are not good examples of safe cars. However, purchasing a Camry, Accord or Elantra would result in the likelihood of a lower interest rate. It is also best to look for a car that is newer. Generally, the newer the car is, the less of a risk it is to the bank for repossession and resale. Banks also look at the lender's credit history. No history, little credit or less-than-perfect credit is a problem; if any of these are possibilities, ask someone with good credit and a solid history to co-sign. This will result in a much lower interest rate.