In today's economy it is becoming more and more difficult to obtain credit as a consumer. There are declining property values, economic crisis and higher standards for those seeking home or auto loans. Lenders are nervous about lending money as they are losing more and more to debtors who are unable to pay their monthly payments and who are defaulting on their loans.

If you need to obtain an auto loan with the current economic situation, you may find yourself in a tough position even if you have good credit. If you have bad credit and are currently trying to raise your score, you may be asking yourself what you can do in the meantime to get an auto loan for the vehicle you need to survive.

Some lenders are sympathetic to individuals with less than desirable credit ratings and are willing to assist these borrowers and may even offer reasonable interest rates to help you get back on your feet. Once you obtain an auto loan and make sure your payments are made on time, this will help increase your credit rating as well. When you are ready to begin looking for an auto loan, you may want to begin your search online so you can begin to compare terms, conditions and rates for your auto loan before you apply.

When you are ready and have all of your information handy, you can begin filling out an online auto loan application. Specialized websites will process your information and match your information with lenders that are a good match for your needs. They help find you the best option for rates, loan amounts and terms. In addition to finding you a loan that meets your needs, they also help you find a vehicle that will meet your needs. If you have a family, you may consider a minivan or if you are single and need a car to get you to and from work, a smaller, compact car may be the best option for your situation.

As you complete your online application, you need to make sure you are completely honest on the application. Your application will be processed and your information matched to lenders and dealers who will be able to assist you in your auto buying process. They will check your credit rating and history to find the best option for your personal credit situation.

You can also read car reviews to help you determine some models that may be best for your needs. You may need a car that can hold a lot of people and gear or you may be most concerned with gas mileage if you have a long commute to your place of employment. While researching various cars, you can also use loan calculators to help you find a payment amount with which you are comfortable. This will let you know the total loan amount you should consider so you can find a car that meets your budget.