Online Auto Loans: Getting the lowest Auto Financing APR

According to the Consumer Federation of America, car buyers are often overcharged by 3% on their loans at the dealership, which can add $1000 to the life of their loan. Your best sources for new car financing are new car loan sites such as E-LOAN and Capital One Auto Finance. With the lowest online auto loan rates, they usually beat dealers, no application fees, or down payments. Your new car loan is approved in minutes. These are not bad credit auto loans. Get your online auto financing quotes, compare to dealer auto financing, use whoever has the best car loan interest rate. Online auto loan rates are the standard for dealers to beat. Use online car loan payment calculators and choose your best auto financing.

Warning about Low APR auto loans (0%, 1.9%, etc.)

Usually low auto loan APR rates like 0% or 1.9% are offered to few people with perfect credit, on new car loans typically 12 to 36 months. According to J.D. Power, only 7% of new car sales in 2003 took advantage of these low teaser rates, down from 10% in 2002. Most of you planning 48 or 60 month auto loans, or used car loans won't get 0%. Ads say "with approved credit". You either get the low car loan APR or rebate, not both. Calculate which is cheaper. It may be better to take a large rebate over the 0% APR new car financing. Compare to online auto loan rates. Pay off your auto loan early, saving on interest. Applying the rebate and using your own low-interest financing often gets you greater savings.