 TITLE: How to Qualify for a 0% APR Car Loan CONTENT: What to Keep in Mind When Considering 0% Financing\n--------------------------------------------------\nYou may wonder if 0% APR car loans come with a catch. The answer is yes, there are some potential drawbacks to consider:\n*   **Dealers may try to make up the cost elsewhere.** In some cases, dealers may increase the sales price of the vehicle or add pricey fees to the contract to make up for the interest savings that you gain. Also, you may experience pressure to buy add-on products, such as a maintenance package or gap insurance. To maximize your savings, do your research on car prices and avoid products you don't need.\n*   **Payments can still be high.** If you're buying a brand-new car, the monthly payment may be high even without interest charges added on. Run the numbers on your budget to determine whether you can afford the loan payments and how they might impact your ability to work toward other important financial goals.\n*   **They typically come with long repayment terms.** To help reduce the cost of the monthly payment, dealers may encourage you to apply for a loan with a long repayment term—some go as high as 72 or even 84 months. But locking yourself into such a long financial commitment like that can make it challenging to make meaningful progress with other money goals. If you can afford it, opt for a shorter repayment term.\nAlso, keep in mind that you can negotiate the car loan and the terms of the sales contract. Do your research on car prices, fees, add-ons and other aspects of the car-buying process before you head to the dealership, so you can gain some leverage. END