quote:
84% of the 0% interest loans are not paid off in the 90 day, 6 month, or 12 month time periods. That's almost all of them. So yes it is a risk. Also consider that money is never loaned for no profit. The 16% of people who pay the loans off in the time period have overpaid because the profit was built in to the cost of the product. You can always get a better deal with cash.

I've been told this about my car purchase. But the way I see it, it's just not true. Whether it's Toyota financing it, or your bank, the dealership always receives the cash right away. So you really aren't buying negotiating room.

I'm not sure if other dealerships finance it themselves.

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Posted by JoseVargasTX

Heath, TX

Member since Sep 2011

720 posts

Posted on 2/19/13 at 2:17 pm to NukemVol

Thanks for all of the input guys--my money is in a checking account earning slightly over 1%, so I'll keep it there--I know, crazy rate for checking account--when I opened it, I was earning 4.4% on my checking account balance!!!!

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Posted by Vols&Shaft83

Throbbing Member

Member since Dec 2012

69956 posts

Posted on 2/19/13 at 2:21 pm to NukemVol

quote:
I've been told this about my car purchase. But the way I see it, it's just not true. Whether it's Toyota financing it, or your bank, the dealership always receives the cash right away. So you really aren't buying negotiating room.

I have yet to see a Toyota advertisement for 90 day, same as cash financing. And yes, the dealership receives the money from the car purchase away, you are correct.

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