Your car payment is made up of two components – principal and interest. Principal is how much you are borrowing, and one way to lower the principal is to shop for the best deal on the car of your choice. You can also make a large down payment which lowers the amount you borrow. Can you get a low interest car loan? Shop around to find the lowest rate before getting the car.
It’s possible to even get a zero interest car loan when the car companies need your business bad enough. But be careful, you may have to give up other incentives such as rebates in order to get the zero interest loan. Or you may have to agree to a shorter time period. Add up the total cost of the car including all principal and interest and see if you are really saving anything.