If you don’t have the money to pay cash, the 0% APR rate is the best way to go. However, these are only found during promotional periods and you’ll need an impressive credit score to qualify for them.
If you’re not able to use either of these methods, you can also minimize the amount of interest you pay by shopping around and making a large down payment. Both of these should effectively cut your interest and get you on the positive side of equity in a shorter period of time, if not immediately.
Just make sure that you also shop around for car insurance so you budget properly. With the
app, you can search car insurance rates from over 50 providers to cut your costs even more. And once you find a plan you like, we’ll even help you switch!
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.