While it would be ideal if people did not have to finance their auto purchases, the fact is that most people are making a car payment. The average monthly auto payment for a single car is a whopping $479. Research has shown that many people spend a substantial amount of time shopping for a great deal on a car only to fall prey to predatory dealer financing. Often, dealers charge higher rates than the credit of borrowers really warrants. Edmunds.com reports that the average car loan is nearly $25,000 dollars. Research shows that bank rates on loans are often lower than dealer rates. Credit unions are often a full 1.5% lower than the best bank loans. If a person were to get a 60 month loan with an interest rate that was 2% lower than the dealer rate (assumed 8%), they would save an impressive $23.59/month. This savings could be worth over $100,000 at retirement (EVEN IF THIS WERE THE ONLY AUTO LOAN THIS INDIVIDUAL EVER HAD!). Use the resources below to learn how to save substantial amounts of money on auto loans or to get out of a bad loan you are in.