Your credit rate tells everything about you. Well, at least everything the potential lenders want to know. If it's bad, you probably have late payments, but hey, it's not that bad. It can be fixed. Recent research suggests that some 40 per cent of Americans have had at least a minor knick in their credit history. Some people are praying every day to get their credit rate fixed by God, others are just plain hopeless. I'm sure that if you have an internet connection that's actually worthwhile, you're not that hopeless. 

First things first – if you want to get a good car loan, not a 14 per cent APR 36 month credit that's usually offered to people whose credit ratings are below 650, you need to get a hold on your credit rating first. You need to know if there's anything to fix before you can try fixing something! You can discover your credit rating at various websites on the internet. Just search for them. 
You also want to consider your credit history, not only your rating. 
If you have secluded all of your payments in the last twelve months, you are in a good position to score well above your credit score. Some people report on getting an 8 per cent car loan even when their credit score is below 650, so you should also give it a try. Just remember that all the applications you make for credit and are declined, appear in your credit history and actually may reduce your credit score.  

Try to target prime lenders first if you haven't been rejected credit in the last month. You should do this because you may never know – maybe you'll just have to explain the situation and why your credit rate is at a bad state. If you need a car loan to buy a car to score a better paying job, do not hesitate and let the lenders know about it. They will be more forthcoming and open to you if you're honest and can supply them with proof and details on the job you want to get. A co-worker once asked me if it's possible for him to get a prime loan for his newly planned chevrole, keeping in mind that he in a really bad slump two years ago. After a month he said that he had just gotten an 7.5 per cent APR thirty six month loan. He just got it. He didn't even have to explain anything to the company.

We're witnessing the recession and the credit rates are soaring, we're probably not going to see an increased banking activity in a few years. If you need a new car, right now is the time to go out and buy one. Oh, and if you want to buy a really new and hip car – just wait for zero per cent offers from the dealers. They come from time to time. While a lot of people with a bad credit rating just pray, you should take responsibility for your past actions and just pay the bills on time. Then wait for everything to settle. It's not that hard.