Financing a car is a little more complicated than one might think. You have many alternatives when financing an automobile.There are many traditional and non  traditional methods to finance your automobile. You can go to your bank and get

a traditional auto loan. You can finance through your dealer who probably has relationships with certain banks and credit unions. Also, some dealers have

in house financing which can be helpful for credit challenged individuals. You can also borrow against your investments or you can shop around with different

lenders to see where you can get the best deal. It is important to remember that the faster you pay the loan the less interest you will pay. Also, if you are willing to shorten the term of the loan  you may get a lower interest rate.
There are certain obvious portions of the loan package you need to familiarize yourself.
The interest rate is critical and ,of course ,the number of months the lender is willing extend. Also, you will need to determine whether or not the lender

will finance any after sale products  such as warranties , gap insurance etc. Normally, you will not be able to finance your auto insurance. Car insuance is mormally financed through the carrier.This is very important because you may, in many cases, be interested in certain after

sale products. You will also need to determine whether the lender is  requiring you to purchase their gap insurance or their service contracts. Normally, the

lenders after sale products are very expensive and should be avoided if at all possible.
Another option you may consider is to get pre approved.This will give you a great deal of leverage with the dealer if  he know you are pre approved.

This will give you a better chance of making the deal you want as the dealer knows he has a sale in the bag if you can agree on price. Dealers tend to be more flexible when  they know they have a ”done deal”.
Probably, the best interest rate you will receive will be from your investment account. Normally your rate will be very close to prime as you are

basically making a secured loan. It will be backed  by your own investments.
Many times, credit unions will provide the lowest interest rates and will loan on 125% of NADA which will give you the flexibility to include your gap insurance

and perhaps your service contract.
As you can see there are many options when it comes to financing  your vehicle. Depending upon your credit score, you will have many alternatives and with a

higher credit score you can secure the lowest interest rate and a loan which will includes  after sales products. If you have bad credit you will have to

go through a sub prime lender through the dealer such as CAC which can be expensive or you may be able to by the car with dealer financing – buy here pay

here- which can also be quite expensive.
My advise is to do  your homework and do you best to raise your credit score. If you do you will achieve the best possible result.