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Question
How can I find the lowest interest rates on car loans? I was told I could shop around and find my own financing besides the dealers.
By InfoDoc Posted on 01/27/08 Total Answers 5
Answers-
Information and resources on how to obtain low interest rates or lower your current interest rates on Home, Auto, Credit Card, and Student Loans can be found on the following website: http://lowertheinterest.blogspot.com ______________
Answer by : oncameratalent On Date 2008-01-27 12:32:14

You are best to go with the dealers, many have 0% financing as an incentive to clear out year-end models (new cars only). If your getting a used car, I don't know who is better.
Answer by : Champs C On Date 2008-01-27 12:36:04

Other information on low interests rates i found http://www.bankrate.com/brm/calc/rebatecalc.asp
Answer by : dmh7593 On Date 2008-01-27 12:39:01

You should check with Credit Unions (CUs) in your local area. CU's are known to have much lower interest rates on loans vs. banks and automoblie dealerships. I have never purchased a vehicle by going thru dealership financing. Just so you know, you'll likely have to qualify for membership (part of the CU charter), but this is usually pretty easy... you usually have to live, work, worship in the area in which the CU is located in or have a family member who is already a member. Good Luck and early congrats on your new purchase.
Answer by : Me M Ta On Date 2008-01-27 12:39:24

You can and should shop around. Sometimes the dealers have the best rates available and sometimes a credit union, your bank or another bank may have the best rates available. Shop around do your homework and see what the best rate you come up with is! Good luck!
Answer by : autosellingmaster On Date 2008-01-27 12:47:06

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