 TITLE: How to Get a Used Car Loan CONTENT: Used Car Loans From Car Dealers\n-------------------------------\nThe used car dealership where you buy your car could also help you finance it. You'll find three types of used car financing at auto dealerships.\n1.  Dealer-arranged financing: When you apply for a used auto loan at the dealership, the dealer will submit your application to multiple lenders to see which offers you the best deal (this is called \"rate shopping\"). In many cases, however, the dealer will increase the interest rate so they can make some money for arranging the loan.\n2.  Captive financing: Car manufacturers often own financing companies that make loans on the manufacturer's new or certified pre-owned vehicles. Although captive financing companies sometimes offer good deals, loans may be limited to certain makes or models, and the best financing terms (such as 0% APR) are usually reserved for new vehicles.\n3.  Buy here, pay here financing: Some used car dealers offer in-house financing. These buy here, pay here (BHPH) dealerships cater to customers with poor credit or no credit history. More lenient standards make it easier to get approved even if you've had trouble getting a loan elsewhere. On the downside, BHPH lenders usually charge very high interest rates and fees and require larger down payments than traditional dealers. END