Will the Fed's rate cut mean more zero percent financing and cash-rebate deals from automakers? It means cheap financing deals are less costly to automakers. That could allow them to expand terms of the loans - say, zero percent financing for up to six years, according to USA Today.

About one of four loans now are zero percent deals. Most dealers now have too many new cars sitting on their lots, making it more likely they'll expand loan deals, USA Today said.

"We expect incentives to be enhanced over the next several weeks by the Big Three and others," said Paul Taylor, chief economist for the National Automobile Dealers Association (NADA). "GM has already sweetened some

incentives."

Will it be easier to get a new car loan if credit is not spotless? Possibly, according to USA Today. During slow sales periods, automakers sometimes use their financing units to relax credit-score requirements so that more

buyers can get a new car loan.