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When purchasing a new or used car, most people will need to take out a loan to finance the majority of the purchase. Unfortunately, for people with bad credit or little to put down, getting a loan can be difficult and the only option are sub-prime auto loans, which come with high rates. Luckily, there are a couple ways to get better rates on sub-prime auto loans.

The first way to get a good rate on a sub-prime auto loan is to get financing through the auto dealer. Many auto dealers have financing departments, which act as banks for their customers. Since the bank will be motivated to sell the car, they are often willing to give a customer a more affordable sub-prime auto loan.

The second way to get a good rate on a sub-prime auto loan is to search online for rates. While many traditional banks don't offer sub-prime auto loans, there are still a few that do. By searching online and comparing rates offered by different banks, you could find and compare the best deals available.

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