First thing, you should check your credit score.  That way, you will know if the bank is giving you a higher interest rate than you really deserve- the better your credit is, the lower your interest rate should be. Also, if you put down a larger down payment, your interest will go down as well.

To get your credit report, there are many free or low-cost options available.  By law, you are allowed one free yearly copy of your credit report from each of the three major bureaus.  Once you have it, you can go to the lenders and get quotes- so you will know about how much interest you will be paying.  Knowing your credit standing can help you get cheap auto loans.

You can get a less expensive loan by getting a smaller amount- either by using a trade-in, or a larger down payment.  Those with poor or no credit are usually forced to get bigger loans, and those with good credit can get a loan that’s just the right size.