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Although there are a lot of low auto loan rate incentives in March, the best deals are through automakers who are offering 0% financing. If you qualify, you'll potentially save thousands of dollars over the life of the car loan.
Here is a list of the automakers who are offering 0% financing in March:
Chevrolet - The 2010 Chevy Cobalt, HHR, Impala, Malibu, Avalanche, Silverado and Traverse can al[...] .. Read More.
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Most car shoppers understand that their credit score directly influences what interest rate they'll pay on their car loan. The higher your credit score is, the less money you'll pay in interest. If you have bad credit, you'll pay a higher interest rate and you'll pay more to borrow that money over the life of the auto loan.
According to Experian Automotive's third quarter 2009 analysis, car buyer[...] .. Read More.
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General Motors is trying to lure worried Toyota owners to buy its vehicles by offering them 0% auto loans and $1,000 rebates.
The new incentive, which started Wednesday, runs through the end of February. The 0% car loans are for 60 months on most 2009 and 2010 GM vehicles. The $1,000 rebate can be used by Toyota lessees to help get them out of their Toyota lease. Toyota owners who choose to pay c[...] .. Read More.
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Auto loan rates are affected by the Federal Reserve’s rate, which is the interest rate the government charges banks to lend them money. Banks then lend money to you, the consumer, so you can get approved for a car loan to buy your next vehicle.
Since the Fed’s key overnight lending rate, or fed funds rate, has been near 0% for about a year, consumers have been able to take advantage o[...] .. Read More.
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