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re: 0% financing on car--is there a catch?
Posted on 1/7/14 at 11:24 am to CorkSoaker
Posted on 1/7/14 at 11:24 am to CorkSoaker
They get you in the door and get you to agree to a price with the 0% financing. Then you meet with the finance manager. He will then push like hell for you to take the 0.9% - 1.9% financing.
Technically, you save a LITTLE money doing it this way IF and only IF you plan on paying it off early by paying extra each month. But then you don't have the flexibility to pay less if you get in a pinch.
My advice: get the 0% financing and still pay it off early.
Technically, you save a LITTLE money doing it this way IF and only IF you plan on paying it off early by paying extra each month. But then you don't have the flexibility to pay less if you get in a pinch.
My advice: get the 0% financing and still pay it off early.
2
Posted on 1/7/14 at 2:09 pm to TDsngumbo
quote:
My advice: get the 0% financing and still pay it off early.
There is literally no incentive to do this other than to just not have the debt.
Posted on 1/7/14 at 4:42 pm to TDsngumbo
quote:
Then you meet with the finance manager. He will then push like hell for you to take the 0.9% - 1.9% financing. Technically, you save a LITTLE money doing it this way IF and only IF you plan on paying it off early by paying extra each month. But then you don't have the flexibility to pay less if you get in a pinch. My advice: get the 0% financing and still pay it off early.
None of this makes any sense
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