Car Loan Costs

U i WA 2227777777 222222722772 22222222? 2 22222222 Car Loan Costs (NAPSA)—If you're looking to buy a new car, and you need to finance some or all of the purchase price, this quiz may help you save moneyin the long run: You might be able to lower your monthly car payments by seeking alternative financing. 1. When a manufacturer offers an incredibly low finance rate, that rate is available for all customers. True/False. 2. It can be cheaperto take the dealer rebate and finance ata higher percentage rate, rather than have a lower rate and no rebate. True/False. 3. Financing with a credit union instead of the dealer can save you money. True/False. Answers 1. False. These low rates are generally available only to those with the best credit records. 2. True. By reducing the amount you're financing through a rebate, you may end up paying less each month—evenat a higher interest rate. 3. True. Credit unions don’t charge application fees or prepayment penalties, and only charge simple interest. Credit unions offer a safe, convenient place to save and bor- row at reasonable rates. To learn more, visit www.nafcu.org.