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When you inform yourself over the internet about getting the lowest car loans rates you are eligible for, they will commonly ask you to do some research, and possibly find a few quotes from loan providers before even visiting a dealership. Even though that is good suggestion indeed, how low can it go? The way the automobile industry is anxious to woo buyers for their products, going down to 0% is frequently not out of the question. As credit is finally becoming easier all around (and not before time too, judging by the manner everything’s been really locked down tight for the last three years) auto loans everywhere are becoming less expensive – and the automakers themselves are providing loans at zero interest flat.

The finest zero cost loans for new and used cars are given by the Chrysler group. You’ll see them in their campaigns for every product the car maker releases, except for the Dodge Challenger and a couple of RAM models. They must move a lot of those, and believe they don’t need to go down the low financing way. Many of their products feature an ultra-low 2% interest rate.

Nevertheless, 0% car loans for brand new and used cars aren’t the province of Chrysler alone. You may find them on a number of Ford models, except for certain high-performance cars and popular hybrid models. At GM, they offer great 0% loans rates on some Cadillac models and pedestrian models such as the Malibu and the Silverado. The folks over at Toyota and Honda have inexpensive offers too.

It’s funny how just about two years ago, if you didn’t have 100% flawless credit, you would be thrown out on your ear if you tried to approach a financial institution for a car loan for used cars. In cases where you could manage a loan at all, it would come with a high interest rate, a huge amount of down payment, along with the requirement that you brought in someone with better credit who was willing to be your cosigner. Nowadays, you only have to have a job and not completely wallowing in debt and other car loans you possibly have. Credit ratings below 500 find a nice welcome at the auto dealers too.

While all this is great news, there’s one way to squander the great deal you get on the low auto car loans rates. It’s if you buy up all the options the car dealers offer you as extras. They’ll ordinarily sell you packages with many extras packaged in one unit for what they claim is an ultra-low pricing. Generally, the price they offer you for this package is no lower than the amount you would spend if you purchased the items in there separately. If you buy stuff as one package, you will be buying more items than you otherwise would, and this is what is expected by dealer who’s seeking to move this much stuff out as possible. Remember especially that you never buy car insurance and extended warranties at the auto dealership. Most are often more expensive than what you could manage somewhere else.

Low interest financing for new and used cars is available. Find out what financing is available before you talk to a car dealer, then you will be able to tell if your good deal really is a good deal. For more about great autos and great deals, click here: used cars

Apr172011

Tags: cars, Trucks, used autos, used cars

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