Gmac Car Loan Number

With sales remaining sluggish, many automakers continue to offer generous car financing deals such as a  rebate or zero percent interest . As a consumer, how do you decide which car financing incentive will save you more over the life of the loan?The rebate -- serving as all or part of a down payment -- and zero percent financing will reduce the loan's monthly payments . But while it's true one will usually be better than the other, there's no hard-and-fast rule which one is best in all situations.Using someone else's money for free always seems like a smart move. Even if you intend to pay cash for a vehicle, it makes sense to put your money into some sort of interest-earning investment while taking advantage of a zero percent manufacturer's offer to pay for your vehicle.Things become less gmac car loan number clear for consumers who must finance, and then have to make the decision: rebate or zero percent financing? First, understand that not everyone can take advantage of a zero percent financing offer.According to GMAC and Ford Motor Credit, neither has a set formula for qualifying an applicant for a zero percent car financing deal, but a number of conditions must be met to qualify for zero percent or any reduced-rate financing. Generally, you must:. Bankrate's community sharing policy Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink. By submitting a post, you agree to be bound by Bankrate's terms of use . Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices. Researchers developed a 35-minute session in a driving simulator that incorporates 22 variations of the most common ways teen drivers crash.   . Read more.