M any new car dealers advertise unusually low interest rates and other special promotions.
Many factors determine whether a special offer provides genuine savings.
The interest rate, for example, is only part of the car dealer s financing package. Terms like the size of the downpayment also affect the total financing cost. A call or visit to a dealer should help clarify details about low interest loans. Some merchants limit special deals to a few days or require that you take delivery by a certain date. Some dealers promise to sell the car for a stated amount over the dealer s invoice.