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0% Financing Deals Available Until 2013

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.






3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

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About The Author

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.

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I welcome your car buying questions. Email Me and I'll be glad to answer them!





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