Look at interest rates. You'll
want to get the lowest possible interest rate, as it will help you pay
less in the long run.
Ways to save
Look out for rebates. When
incentives are offered, this often means the manufacturer wants to
either get rid of slow-selling cars or reduce the inventory. Therefore,
they may also offer the buyer a cash rebate and a low financing rate.
On the way to the dealer…
Compare offers from banks,
credit unions and finance companies. Be prepared to give the dealer a
rate that he needs to beat if he wants your business.
:: Loans ::
The dream purchase
The vehicle down payment
should be the largest possible, and the amount of money borrowed the
lowest possible.
Pay less money
Borrowing money for the
shortest period of time, will reduce the overall cost of the loan. It is
worth to do it if the budget is not going to be too much overboard.
