Buying a new car can feel overwhelming, especially when it comes to financing. Understanding your options can help make the process easier and less stressful. Two common choices available are a 0% APR^* offer from dealerships or getting prequalified with Partners.

What is a 0% APR auto loan?

A 0% APR auto loan means you pay no interest on your monthly payments. While this is an eye-catching offer, there's a chance it could be a better bargain for the dealership than for you.

Things to consider before choosing a 0% APR auto loan:  

• Hidden Costs: Dealerships may raise the vehicle’s price or add hidden fees, leading to higher overall costs. 
• Limited Models: Only certain models, often less popular ones, may qualify for the offer.
• Excludes Used Vehicles: These offers typically apply only to new cars.
• No Stacking Incentives: Special rebates or incentives often can't be combined with the offer. 
• Shorter Terms: Loan terms are usually shorter and less flexible, resulting in higher monthly payments.
• Strict Conditions: Some offers include fine print that removes the 0% APR if a payment is late, increasing your rate for the rest of the loan.
• Buyer Qualifications: Only certain buyers qualify, and applying without meeting the criteria could impact your credit score.

Why get prequalified with Partners?

Whether you're buying new or used, Partners puts you in control of your auto buying journey. When you finance with us, you’ll enjoy:

• Competitive Rates: Partners may offer a lower rate and a longer term, so your payments are manageable. Also, Partners offers refinance options for better rates.
• Flexible Financing: Enjoy 90 days payment-free¹  or receive an extra 0.25% APR clean air discount² when you finance with Partners. This gives you extra breathing room when you need it most.
• Concierge Auto Buying Services: Avoid the hassle of the dealership. Partners will find your perfect car and provide transparent, stress-free financing. 
• Unlock Equity: Finance up to 130% of the car’s value³ to access extra cash if needed.
• Customize Your Loan: Choose between weekly,⁴ bi-weekly, or monthly payment options to best fit your lifestyle.
  
• Affordable Protection Plans: Protect your vehicle and your loan with coverage options at a fraction of dealership costs.
  

By skipping the dealership and choosing to be prequalified with Partners, you can reduce stress and save valuable time. Plus, you’ll benefit from Member-exclusive perks, competitive rates, and protection options designed to help you save money throughout the life of your loan.