It is unfortunate that many people think that the interest rate for their auto loan is set in stone, when the reality is that a savvy consumer can save thousands of dollars on his or her auto loan payment by following a few simple steps. 1. Use online comparison sites to make the financial institutions come to you. These sites are not limited to home loans; there are many dedicated to or which include auto loan information as well. 2. Once you have a benchmark from the web sites, go into dealerships. People are always able to offer better deals than are computers, but only if they know that the consumer has knowledge of the going market rates. In step 1, the consumer is gaining that information, which makes it impossible for a salesman to do anything except offer a better deal. 3. Fix cred