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re: 0% APR for 84 months - what’s the catch?
Posted on 3/25/20 at 8:07 am to MrJimBeam
Posted on 3/25/20 at 8:07 am to MrJimBeam
quote:
Probably paying more for the sticker price to get the 0 APR. Also 84 months good god
under 0% circumstances and on a solid product, it actually makes sense. And, if no pre-payment penalties, it's all up to the buyer.
0
Posted on 3/25/20 at 8:14 am to Azazello
Maybe not you, but the problem with 0% for 84 months is that you end up buying more than you can afford. Paying for a vehicle over 84 months is also not a good thing.
Posted on 3/25/20 at 8:17 am to Auburn80
quote:
Paying for a vehicle over 84 months is also not a good thing.
Why?
Posted on 3/25/20 at 8:20 am to iAmBatman
His reasoning is that some people end up buying more than they can afford (or more than they originally budgeted for) because the monthly payment is lower, due to the elongated term.
There is probably truth to that.
But, that’s a different discussion than the economics of a zero percent loan.
There is probably truth to that.
But, that’s a different discussion than the economics of a zero percent loan.
This post was edited on 3/25/20 at 8:21 am
Posted on 3/25/20 at 8:24 am to Azazello
You’re not getting any manufacturer discount, no rebate. Financing with themanufacturer is just a bonus for them. If they waive the %, they are still making money. Ever paid attention the the billboards or commercials...$10,000 - $12,000 off msrp?
Posted on 3/25/20 at 10:36 am to Azazello
makes sense on a vehicle without a substantial factory incentive.
Posted on 3/25/20 at 10:37 am to PhiTiger1764
no the average cost is about $4 to $6,000 more.
Posted on 3/25/20 at 12:54 pm to Azazello
Trying to push inventory in a time everyone is afraid to spend. Also, a lot of dealerships make a lot on rebates based on volume
Posted on 3/25/20 at 1:08 pm to Auburn80
as the poster said above it is a way to move inventory and sell cars at a higher sticker price. I would not do it but braxton needs the Tahoe for when travel ball starts back up..........
This post was edited on 3/25/20 at 1:11 pm
Posted on 3/25/20 at 1:29 pm to MrJimBeam
quote:
get the 0 APR. Also 84 months good god.
i'll take 0% apr for 84 months every single time if available.
Posted on 3/25/20 at 1:30 pm to Chad504boy
Yep
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