If the dealership presents you with a financing option, it's a good idea to look elsewhere just to compare the offer. Taking the first loan offer you're presented could lead in serious (fear of missing out) down the line. Alternatively, you can calculate the interest of a used car and compare it to the depreciation of a new car. You may find that a pre-owned car (even a nicer certified pre-owned car) is really what works for you and your budget. A vehicle experiences the most rapid depreciation during the of its life, so buying a car that's at least three years old could keep you from losing out on money. At the end of the day, an interest-free car loan can sound like a perfect fit right off the bat. However, dig a little deeper and you may find there are better options for you. It's always important to , especially when it comes to a purchase as momentous as a vehicle.