0% Financing Deals Available Until 2013
August 18, 2011
With the recent volatility in the stock market, the Federal Reserve announced that they will keep interest rates near 0% until at least 2013.
This means banks will be able to borrow money at near 0% interest, making it easier for them to offer low interest loans to consumers.
This is good news for car buyers since interest rates on car loans will remain low or possibly even head lower.
Right now, if you have excellent credit (check your credit score here), you can get an auto loan for as low as 2.9% from major lenders such as Capital One Finance.
In the near future, these rates may drop even lower - and these are loans with no incentives attached!
Right now, most car makers are offering a slew of financing incentives, with a good portion offering 0% financing.
We're sure to see these trends continuing until at least 2013 and we'll likely see more 0% financing deals with terms of up to 72 months.
You can read more about how to save money on car loans in our Car Loan Guide section.
Get My Free Weekly Advice on Car Buying
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
My Recommendation for Car Shoppers
and Edmunds Price Promise
are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist
to make sure you squeeze out every last bit of savings.
- Gregg Fidan
About: Gregg Fidan
Gregg Fidan +
is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
Recent Tips, News, & Incentives
March 26, 2015
March 19, 2015
March 12, 2015
March 5, 2015
February 26, 2015
February 19, 2015
February 12, 2015
February 5, 2015
January 29, 2015
January 22, 2015
January 15, 2015
January 8, 2014
January 1, 2015
December 25, 2014
December 18, 2014
December 11, 2014
December 4, 2014
November 27, 2014
November 20, 2014
November 13, 2014
I welcome your car buying questions. Email Me and I'll be glad to answer them!