You can get a terrific rate on a new car loan and save yourself thousands of dollars in interest payments. Does this sound too good to be true? Well, it isn’t! Consumers are saving big on car loans and you can be one of the lucky ones too if you go into the deal fully equipped. Keep reading to learn how you can strike the deal of the century!

Zero Percent Financing – Slow sales of some models mean that automakers are offering no cost financing for select consumers. If your credit rating is good or excellent you could receive 60 month interest free financing on your Dodge Ram or other quality vehicle.

End of Year Savings – To make way for the new models, dealers are attempting to clear their lots. Old models take up valuable room and the only way to move them is by incentives. Whether receiving thousands back or ultra low financing, you can get behind the wheel of a new truck, van, car, or SUV thanks to these types of specials.

Alternate Financing – Who said that you have to go the conventional route for your auto financing? Your credit union wants your business and oftentimes their rates are one to two points less than what you bank would charge you. Even some community banks will undercut the rate pushed by the big banks.

Equity Loan – If you are borrowing money from the equity in your house, consider borrowing more money to finance your purchase. Keep the $5000 rebate money and let your home finance the deal. Even a 60 month home equity loan is worth your consideration as you can get the same tax break you get with a mortgage for the money your took out for your car.

Pay Cash – If you have enough money to buy a new vehicle with cash, consider skipping the loan altogether. Instead, elect to take the generous cash rebate and pocket that money for whatever purposes you want.

Yes, ultra low financing is here for car purchases. Compare offers and swing the best deal possible. Your bank may not give you the best deal while GMAC and Ford Credit just may do that for you. Run the numbers to see which plan works out best for you and before you know it you’ll be behind the wheels of your new truck, car, van or SUV and driving down the highway to big time savings!