dry most of it off with a towel then grab a blow dryer.

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Most exposed moving parts on my bow are coated with some water deflector stuff. I usually wipe it down when i get home.

Beware of using car waxes. Many car waxes have an "abrasive compound" in the wax.

I use Miltech 1,Metal Conditioner on all my Steel Hardware,that is on my Bow.It Bond's with the Pores of the Steel,and leaves a protective covering,that will last a long while,without needing to reapplied.I shake off most of the Water,and let the rest of the moisture dissapate on it''s own.Never Rusted ,once treated.