Pay as little as you can without losing the benefit of zero interest

Mar 24, 2020
12:39:13pm

Jersey hunter All-American

I’m no fan of financing cars but zero interest allows you to keep more of your money working at better than zero before you spend it on a depreciating asset.

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Jersey hunter

Bio page: Jersey hunter
Joined: Mar 24, 2012
Last login: May 14, 2024
Total posts: 7,078 (78 FO)

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Messages

Author

Time

Finance Guys - A serious question Re: Auto Purchase

Lifi

3/24/20 12:08pm

RE: Finance Guys - A serious question Re: Auto Purchase

Plato

3/24/20 12:09pm

<< Deleted >>

rivercitycoug

3/24/20 12:11pm

This is my thinking....but I wanted to get opinions from the smart guys first

Lifi

3/24/20 12:12pm

<< Deleted >>

rivercitycoug

3/24/20 12:19pm

Putting money into an item that goes down in value vs. putting money into the market that is going to be rebounding

TheLoneCougar

3/24/20 12:13pm

Thanks.

Lifi

3/24/20 12:14pm

Now is just a once or twice in a lifetime opportunity to get more out of your money.

TheLoneCougar

3/24/20 12:19pm

<< Deleted >>

DaCougEye

3/24/20 12:15pm

Pay as little as you can without losing the benefit of zero interest

Jersey hunter

3/24/20 12:39pm

If you’re getting the 0% deal you aren’t getting the best

kotacoug

3/24/20 12:53pm

that assumes the norm: best price vs best financing

run26

3/24/20 1:08pm

Yep usually they say you can get 0% interest OR they will give you the $10000ish

Cougz19

3/24/20 1:08pm

Also depends on if they have captive finance or not. If captive finance then yes they can bait and switch with price

TheLoneCougar

3/24/20 1:12pm

Are you aware of any non-captive banks offering 0% interest? I'm not

Plato

3/24/20 1:20pm

I don't follow rates that closely with traditional lenders, but ones that focus specifically on Automotive may be there

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