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Automakers are driving incentives like teenagers on Saturday night. But the onslaught of so many old come-ons, plus new twists, only confuses shoppers. Worse, the lure of a low monthly payment and other false bargains can lead consumers to pay thousands more than they need to for new wheels.
Paying in cash, of course, has long been considered the king of cost-cutting options because you avoid finance charges. That's still good advice, depending on your alternatives. (It's not the best choice, for instance, if that money could earn 10 percent in a stock mutual fund.) CONSUMER REPORTS also recommends late-model used cars to reduce the cost of the deal because the ...