1. To save as much as several thousand dollars in finance charges, pay for the car in cash or make a large down payment. Always get the shortest term loan possible as this will lower your interest rate.
2. Make certain to get a rate quote (or pre approved loan) from your bank or credit union before seeking dealer financing. You can save as much as $1000 in finance charges by shopping for the cheapest loan.
3. Make certain to consider the dollar difference between low rate financing and a lower sale price. Remember that getting zero or low rate financing from a dealer may prevent you from getting the rebate.
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