I stumbled on a government website created to help people save money. WooHoo! Some of the ideas are helpful. Thought I would share a few here....
In terms of Auto Loans:
Make a large down payment and go for the shortest term possible to get the best interest rate (and save tons of money).
Check with your own bank on financing before agreeing to dealer financing. It can land both ways on this one given some of the special incentive financing deals offrer by car companies -- but it's best to know, in advance, where you'll get the best rate.
Look at both sides of the coin on better low-rate financing and lower sale prices by way of a rebate. Getting a low interest rate may mean paying a higher price on the car. Do the math to be sure.
Happy car shopping,
-reenie
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