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12 Steps to Getting the Best Deal on a New Car

Step 7: Arrange financing ahead of time.

(Chrysler LLC)

(Chrysler LLC)

If you’ll be financing the purchase, shop around beforehand to find the lowest interest rates, which can vary by several percent from one lender to another, with credit unions typically offering the best terms. Have your credit checked by a financial institution to see if you qualify for the lender’s best rate, which is typically available only to those having flawless borrowing histories. Also check automakers’ websites to see if any are offering cut-rate financing deals that, depending on the model, can be as low as zero percent. These promotional rates usually apply only to buyers with top credit ratings.

About Chuck Giametta

This nationally recognized, award-winning writer brings to Carpreview.com two decades of automotive testing and reporting for newspapers, books, magazines, and the Internet. The former Executive Auto Editor of Consumer Guide, Chuck has covered cars for HowStuffWorks.com, Collectible Automobile magazine, and the Publications International Ltd. automotive book series. This ex-newspaper reporter has also appeared as an automotive expert on network television and radio. He’s a charter member of the Midwest Automotive Media Association, the president of the Rocky Mountain Automotive Media association, and a juror for the annual Active Lifestyle Vehicle of the Year awards. Chuck writes from Colorado Springs, Colo. If you have a question for Chuck, write to him at [email protected]