[header] How to compare car loan rates [title] Know what to look for. [step] A good car loan rate is based on several factors. The loan amount, the apr (annual percentage rate), and the term of the loan all affect the amount of money you will end up spending or saving after your car has been paid off. 
[substeps] The loan amount is the initial total cost of the loan; however, you will end up paying more than the total cost because an interest rate is added to each payment. In addition, there may be additional taxes and fees included in the loan amount.