Car Loans Explained:

Almost every bank and credit union offers some type of auto / car loan program.  These programs have grown in length over the years and it is not uncommon to see a six year term on an auto loan for more expensive automobiles. Even a term of seven years or more for classic cars and "high line" autos.

The scary truth about your credit score

Your credit score has more of an affect on your life than you think. A bad credit score can cause you to pay much higher auto loan interest rates and cause you to pay higher auto insurance premiums. Many people are unaware that insurance companies check your credit before selling you insurance.

Is it smart to take the cash back or go for the 0% interest rate?

Many people fall into the 0% interest rate trap every year.  At today's low interest rates for people with good credit it will almost always save you money to go with the cash back offer instead of 0% financing.  Arrange for financing through your bank or credit union before car shopping and have that bank pay for the auto in full so you get the cash back.  If you pay 4-6% it will almost always pencil for savings if you take the cash back.