When seeking a car financing loan, you definitely want to cut the best deal that will give you satisfaction and motivation to carry on with the deal. To do this you first need to gather all the valuable data on the terms and conditions of the potential financier. Get to know their interest rates and repayment patterns. This you can obtain from their websites or even visiting the banking institution or car dealership. Armed with this information it is now possible to haggle fro the best deal depending on what you want as the borrower. The following are some important tips on how to negotiate for the best deal when seeking a car financing loan. Start negotiating for a revised interest rate deal right from the start. When you contact your potential financiers, they will most possibly give you their proposed interest rate. Make it clear to them that you are only willing to work with them if they will slightly revise those rates to accommodate your proposal. The dealer or banker will definitely not be willing to lose a potential customer so he or she will accept and invite you to around table negotiation. When you appear you already have an upper hand in the deal. Always quote a lower figure from the sticker quote. If the dealer quotes for example $ 1000, make a lower suggestion of let us say $ 800. He will most likely not accept your offer but you will finally hit an equilibrium which will be anything between your value and theirs. Do not shy from letting the dealer know that you have carried out a wide research and you will finally deal with the dealer who gives you the most competitive offer. This will remind the dealer of the competition in the market and the principle of attracting and retaining a customer. Insist on knowing the exact cost of the car you want. As usual most dealers will hide other rates from the sticker price. These are revealed when you are already neck deep into a deal making it very difficult to back out. Every detail including loan processing fees and clearance charges must be put on the table so that you discuss them. If possible involve your lawyer or another witness when getting into car financing deals especially those that involve used cars. In addition insist on writing down every agreement made. Verbal agreements are not binding. You need records incase of future reference. Inquire on details such as warranties and have the terms documented. These simple tips can help you get the best out of a car financing deal.