0% is still $1000 a month on $60K. Putting $10K down with a 1.5% rate is still pushing $900.
Well...I am looking to spend somewhere in the neighborhood of $50,000. I want that number to include tax. I am certainly willing to buy a 2014 model car at the end of 2014. I think that I can find 0% financing or something very close to it. I will also put down around $10,000.
If I purchase a car for $46,000 with an 8.25% sales tax rate at 0% for 6 months and put down $10,000 my note is going to be around $650. I can afford that.
I'm not thinking many people can't do $1,000.
This post was edited on 6/17 at 3:50 pm