Car Loans: Car Loan Interests

Thanks for reading our article on car loan interest.  We hope you f ind this car loan interest article informative.  Negotiate for car and financing separately. Remember that manufacturer rebates go to you, not to the dealer.

Desperate to unload slow-moving inventory, many manufacturers are offering the best rates in history, providing your have excellent credit and finance through the automaker's captive finance company. If you qualify, take advantage of these incredible financing deals, they might vanish at any time. General Motors latest incentives include 0% financing for up to 60 months on remaining 2002 models. For 2003's, GM is offering 0% loans for up to 36 months plus attractive rates on longer term borrowing. Chrysler is mirroring GM's 0% for 36 months and low rates for longer term loans. Ford is also offering no-interest (0%) financing or cash rebates of up to $3500 on all 2003 vehicles as well. No-interest financing is also available on select Toyota products while Volkswagen has a special .9% financing offer on certain slow-moving models.

Unfortunately less than 50% of new car shoppers qualify for no-interest financing, as an excellent credit rating is required. And many 0% purchasers forget that the price is still negotiable on any vehicle, regardless of the financing or the rebate. Many who qualify for 0% financing should also consider taking advantage of the sometime lucrative manufacturer's rebate (up to $3500 in some cases). If your looking at inexpensive vehicles (under $15,000) or have a valuable trade-in or down payment (over $5000) rebates can offer a better deal. Longer terms at higher rates might better fit in to your monthly budget.  Hope you learned a bit more about car loan interest.
 

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