Zero percent APR

Have you ever heard of zero-percent interest? I don’t know of anyone who would not jump at that if they can handle the terms. To obtain zero-percent financing, but not always, you must agree to a shorter term loan which can be from 24 to 36 months. This means your payments are going to a bit high and it also means you’ll have the loan paid off quickly (compared to the more common 48- to 60-month term).
There can be a few other issues that may come between you and that perfect zero-percent rate. First of all, in addition to the usual shorter term of the loan, you have to qualify for that rate. If your credit score is lower than 680, you probably won’t qualify for the lowest rate. You may be subject to picking from what’s for sale on the lot instead of being able to order a car with the exact features you are dreaming of.
Understand that going for the low interest rate you will usually lose the cash rebate because it will be one deal or the other — not both. To figure out which is the better deal between taking the cash rebate or the low APR, use a calculator. Try the same calculation taking the rebate and financing with your bank or credit union.