Auto Financing: The Return Of 0% Loans

They're back--and better. Faced with slow sales, General Motors last week rolled out offers for 0% financing on almost every model, including Cadillacs and Saabs. Chrysler, Ford and Toyota quickly followed (albeit with deals on fewer models). This time many 0% loans extend not just three years but five.

You will need good credit to get the best rates; auto analyst Art Spinella of CNW Market Research in Bandon, Ore., says about half of applicants should qualify. And the current 0% deals, enticing as they look, aren't always the best option. You may find that taking one of today's large rebates...

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