What is the best way to qualify for an auto loan? The best way is to have really good credit. If your credit score is above 700 you are usually a great credit risk. Most lenders will finance you with very little money down. If you do not have good credit then you can still get a no credit check auto loan; however, the rates you are going to pay are going to be astronomical.
Another great way to get an auto loan is the use of a cosigner. If you have someone that is willing to take the risk of you paying off the loan, then you can use their good credit to negate your bad credit. Of course you could always save up the money in advance for the car and pay cash but that would be so un-American.
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