Credit Score: Higher credit scores generally qualify for lower interest rates.
Income and Employment History: Stable and sufficient income reassures lenders of your ability to repay.
Debt-to-Income Ratio: A lower ratio indicates better financial health.
Loan Term: Shorter loan terms typically have lower interest rates but higher monthly payments.
Down Payment: A larger down payment can reduce the loan amount and may secure a better interest rate.
Vehicle Type: New cars often come with better financing terms compared to used cars.