Article: Auto Loan Interest Rates

Interest rates continue to decrease on new auto loans. If there is anyone looking for a great deal on an automobile now is the time to take advantage of all the cash incentives and extremely low interest rates on 5-year terms. Cash incentives on the Chevrolet Tahoe right now are $6000 or financing. The financing incentive for qualified customers is 0.0% for five years and does not expire till 1/02/07. It will be very difficult to beat these deals after the first of the year.

When the automakers met with President Bush and discussed some sobering statistics about the cost of building cars in the United States. Each told the president that their company spends more on health care per vehicle than on steel, which adds about $1,000 to the cost of the cars. With cash rebates extended (like $3000 or less than 2% interest on a Ford Ranger) to try to move the 2006 models, it may be a while before the big three auto manufacturers return to good fiscal health.

While there are several sites offering auto loan rate quotes, we would advise you to take caution since your personal financial information is often submitted when applying for a auto loan. It is vital to know how that information is going to be used and protected. Auto Credit Express is one of the editors pick for the best and safest site to get auto loan quotes. All of your financial information will be encrypted before it is sent.