If you see 0% or other low interest rates advertised at a dealership it is because the manufacture is subsidizing the APR. This financing is sometimes applied to car models that are not selling very well. To qualify for this special financing you must have a perfect credit score, and in most cases, you will also be required to make a large down payment. However, getting a car loan through a car dealer should be your last resort for auto financing.

Some finance companies that work with car dealers allow the dealer to mark up the interest rate by several percent. The customer is then told that they didn’t qualify for the lower rate loan, and the profit from the extra finance charge is split between the dealer and the lender. Always have a copy of your credit report in.

What is the difference between direct and indirect financing? Direct financing is basically when you set up financing with a bank or independent auto loan lender. Another example of direct financing is through the online auto loan services that are so widely available on the internet.
Indirect financing is when you get your auto loan through a dealership. This method is probably less desirable because with direct financing you can take advantage of the flexibility and the low rates and it is usually cheaper.

Auto Loan offers the most comprehensive auto purchasing solution, including :

1. Highly competitive interest rates
2. Pre-approved loans allowing you to shop for your vehicle knowing  that your finance is in place       
3. Loans for individuals including private sales, but     excluding    imported second hand vehicles
4. Mobile consultants for sign-up at home or work
5. Extended Warranty and insurance for vehicles purchased privately, at a motor dealer or auction house
6. A Bank Cheque to complete the purchase for private sales
7. Did you know that an auto loan, truck or SUV loan can be financed even if you have credit problems?