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Low Interest Rate Car Deals

Car manufacturers and dealers often have special loan rates available for limited-time promotions. Are these deals worth considering? Do you save money by accepting low-interest loan deals?

We see a lot of variations of low-interest loan rates from car manufacturers. Some are 3.9%, some, 1.9%, some 0.9%, and even 0%. What’s the difference? Is a 0% APR deal much better than a 1.9% APR deal?

First of all, low-interest loan rates are almost always limited-time promotional deals being offered by finance companies associated with a car manufacturers, such as Ford’s Ford Credit or Honda’s Honda¬†Financial Services. Dealers do not set loan rates. Customers sometimes incorrectly think that, with a high credit score, they should be able to get a 0% or super-low interest rate at any time.

Let’s take a look at how low-interest new-car loans stack up.

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