It's typical that new and used car buyers are overcharged up to 3% on their interest rate when securing a car loan through the dealer. This could result in up to $1,000 or more in extra interest over the life of the loan. Don't let this happen to you.

Online car loan quotes are the best around and they are what car dealers have to compete with. Before you start to negotiate with a dealer's finance manager be sure you have done your homework online by getting a quote or two from established car loan lenders.

An online car loan officer won't be trying to pressure you into buying on the spot, before you leave the lot, like a dealer's finance manager usually would. Getting quotes from two or three sources (and letting each lender know that you are shopping your loan for the best deal) will help you get competitive offers.

A great resource for buying a new or used car is CarBuyingTips.com. Check them out!