How does a lender decide what interest rate to offer me on an auto loan?

• Your credit score and credit history
• Your income and debts
• The amount of the loan
• The length of time you’ll be paying back the loan, called the “loan term” or “term of the loan”
• The amount of your down payment as a percentage of the value of the vehicle
• The type of vehicle and whether you are purchasing a new or used vehicle

Read more information on dealer-arranged financing.