Buying a used car can be exciting, but securing a good used car loan interest rate is just as important. A lower car loan interest rate means you pay less over time. Many people accept the first offer from a lender, but did you know you can negotiate a better deal? Here are 10 tips to help you bargain for the lowest used car loan interest rate possible.

1. Check Your Credit Score First Lenders decide your car loan interest rate based on your credit score. A higher score means better loan terms. Before applying, check your credit report and correct any mistakes. If your score is low, try improving it by paying off existing debts.

2. Research Loan Offers Online Compare interest rates from banks, credit unions, and online lenders. This helps you understand the average used car loan interest rate in the market. With this knowledge, you’ll be in a stronger position to negotiate.