Guide to Getting a Low APR on a Car Loan

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is APR?
How APR Works for Auto Loans
Can You Negotiate APR on a Car Loan?
Tips for Getting a Low APR on a Car Loan
Try to Improve Your Credit
Shop Around
Make a Bigger Down Payment
Choose a Shorter Term
Use a Cosigner
Borrow Less
What Is Considered a Good APR on a Car Loan?
Other Ways to Lower Your Interest Rate
The Takeaway
Frequently Asked Questions
Photo credit: iStock/karelnoppe
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About the Author
Austin Kilham is a writer and journalist based in Los Angeles. He focuses on personal finance, retirement, business, and health care with an eye toward helping others understand complex topics.
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