The freedom of the open road is a calling that few can ignore. There are few things in life that provide such a great feeling of independence as owning a car. Everyone dreams of having a car, but until we reach an age where we are financially capable of buying a car we don’t have a good understanding for the process and what can be done to make it easier. The car buying process isn’t going to be the same for everyone, but there are a few things everyone should know that will make it easier to apply for a car loan.

Before you fill in or apply for an apply car loan form it is important to order a copy of a credit report with scores from all three credit bureaus. Individuals are entitled to one free copy of their credit report each year. Taking the opportunity to look over your credit score gives a car buyer the chance to look over their report and dispute any discrepancies before applying for a car loan. Important items to look for on a credit report include:

• Clerical inaccuracies: Often the result of typos and computer glitches, look for information included about other individuals with same name, payments not credited, and late payments.
• Excess unused credit: Auto lenders tend to view excessive unused credit as a bad sign. Those who possess credit cards that are no longer in use should close the accounts. When doing so, be sure to have a notation added that states “closed by consumer request” so future lenders don’t think creditors closed the account.
• 30-day and 60-day late payments: The occasional 30-day late payment can often be overlooked by lenders if borrower has a good overall credit score. Try to avoid 60-day late payments though as these are often a red-flag to many lenders.
• Avoid excessive inquiries: Each time a credit score is requested by lenders a notation is made in the credit report. Avoid apply car loan applications for other lines of credit before applying for a car loan as this may scare of some lenders.

The next step in the process to apply for a car loan is to get supporting documentation in line. Regardless of credit, lenders are going to need to see proof of employment and proof of an active checking account. In the event that individuals lack a checking account, their main bank should be willing and able to provide a letter of recommendation. Additionally, researching eligibility for rebates and discounts is a good way to save some money in the long run. For example, students are often available for student auto loans. However, they need to provide official proof of enrollment to lenders.

Finally, don’t stop at the dealer and hope for the best result in the lending process. Many automakers have their own financing divisions that provide car loans to shoppers at their dealerships. However, their rates are rarely the best ones available and those with less than stellar credit will find the dealer’s financing options harsh.

Instead, log on to the internet and try sites like Cheapcarloan.com. Here you can comparison shop a number of reputable lenders who offer the best rates available. This not only saves you time and harassment, after all no one will be in your face pressuring you, but it will also allow you to choose the car loan that works best for you.