I've noticed that rates on used cars are generally higher than on new cars. It also seems that taking a loan will often get you a 'better deal' than paying cash. (I assume they give a better deal because they make more in interest). I took a loan out on a new car a few years ago to get the rebate given by the manufacturer (it was either $500 or $1000..I can't remember)....I then paid the loan off after the 2nd payment (this was recommended by the salesman). Can used car loans usually be paid off right away after getting the best deal? I ask because I see a good deal on a 2018 (at a dealer)..but the APR is over 6% for 72 months.