Rates and terms

Keep in mind that interest rates on new cars are lower than on used vehicles. And, in general, new cars can be financed over longer terms than used ones. This equation can make a new car cheaper—on a monthly basis—than a used one in many cases.




To get an early look at financing rates, check Bankrate's national averages for new car loans as well as rates available in local markets around the country.More from Bankrate.com:

• Average Auto Loan Rates in Your City
• 15 Must-Know Auto Terms
• 17 Ways to Pay Less for Your Car

from : bankrate.com