0% Financing. What's the catch? : r/personalfinance - Reddit

0% financing is (pretty much always) basically a rebate from the manufacturer. People trying to say you'll pay the same in the end are just nonsense. The price you agree to purchase a car …


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0% Financing. What's The Catch? : R/personalfinance - Reddit

2 weeks from now

0% financing is (pretty much always) basically a rebate from the manufacturer. People trying to say you'll pay the same in the end are just nonsense. The price you agree to purchase a car …

reddit.com

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What Are The Downsides Of Zero Percent Financing? - Reddit

2 weeks from now

The company was advertising 0% interest for 5 years. Okay, I'll bite... It turned out that if you took the financing option, there was an up-front financing surcharge that translated to a 5% interest …

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What's The Catch With 0% APR Credit Cards - Reddit

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The "catch" here is two-fold: Many people park debt in this way, but then don't actively manage it allowing the issuer to hit them with typical interest expenses at the end of the 0% period. Many …

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Does 0% APR Actually Work? What's The Catch?

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Dec 5, 2024  · Financing 0% is a great deal in many cases, because the depreciation hits you if you finance or not, so better to get the zero and just eat the depreciation. I would do it for …

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Is There A Catch To 0% Down, 0% Financing? : R/personalfinance

2 weeks from now

this. this is the catch. 0% financing but sticker price for the car. Sticker price is way too much. you can haggle down the price of the car and ask them to give you the 0% financing. depending on …

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Chase Refi With No Cost Closing. Whats The Catch?

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Sep 4, 2024  · The "catch" is that 5.99% is a higher rate than you could get if you paid the closing costs with cash (either from Chase or from someone else). It's essentially "negative points", …

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What's The Catch With 0% Financing Car Loans? - Autotrader

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Aug 16, 2024  · Quick Facts About 0% Financing. You repay the money you borrow and nothing more with a 0% APR car loan.; When you get 0% financing, you typically won’t receive …

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0% Financing. What's The Catch? - MyFICO® Forums - 1561366

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Aug 28, 2012  · My wife will be buying a new car this week (we had a baby, her coupe now needs to be a 4 door). What's the catch with all of these 0% - 1561366

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0% Finance Auto-loans - Whats The Catch? - Bogleheads.org

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Jul 11, 2017  · 3. Usually dealers offer 0% finance OR rebate on purchase. 0% finance is not necessarily the better option I have some questions regarding the same for which I have not …

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0% Financing - What's The Catch? - RedFlagDeals.com Forums

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Sep 17, 2017  · Cash deal is definitely preferred from dealer point of view. 0% financing is used to increase the list of potential buyers to help clear out old models. Sometimes they can re-sell …

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R/personalfinance On Reddit: What Catches Come With 0% Apr Deals …

2 weeks from now

When you get 0% APR on a new car you frequently lose some discount on the purchase price that offsets part of the finance savings. This could be apparent, like “get 0% APR or $1500 …

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0% Financing - What's The Catch? - RedFlagDeals.com Forums

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Jul 11, 2014  · Hello all, I was checking the a few car websites and they are all offering 0% financing. With 0%, i will take the maximum 84 months to pay it rather

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An Attractive But Overused Model: How To Deploy 0% Financing …

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2 days ago  · Instead of simply passing high interest rates onto vendors, a dynamic version of 0% financing uses the best available tools to assess the customer’s credit and adjust interest rates …

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Can Someone Explain The Catch With 0% Financing On A New Car

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Car loans for people with good credit are at around 2-3% now so offering 0% financing is not really a whole lot lower than that. Basically the dealer is giving up the small amount of interest …

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What’s The Catch For 0% Finance? : R/UKPersonalFinance - Reddit

2 weeks from now

Depends, company I worked for the vast majority of the money they earned came from merchant fees, not interest. By far the best case scenario for them was that you take out the finance, …

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What's The Catch With 0% Financing Car Loans? : R ... - Reddit

2 weeks from now

The only catch is you might be paying a slight premium for the actual car, but what you save in interest cost over the life of the loan is well worth it… Just make sure you ask if the loan is …

reddit.com

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Is 0% Financing For Auto Loans A Thing Of The Past? : R ... - Reddit

2 weeks from now

The cash incentive is similar to a financing incentive. 0% financing is simply not profitable, it’s a manufacturer-subsidized incentive. If you’re being offered either 0% financing or no cash …

reddit.com

FAQs about 0% Financing. What's the catch? : r/personalfinance - Reddit Coupon?

What is zero percent financing?

Zero percent financing is a loan that doesn’t charge interest, either for the entirety of the loan or for a certain period of time. Dealerships use 0% APR to move slow-selling cars and clear out inventory. You usually need a very high credit score to qualify for zero interest loans. ...

What should you know about R/personalfinance?

There are literally thousands of different topics talked about in r/personalfinance, whether that’s the basics like debt and money management, to more advanced ideas like travel hacking and F.I.R.E. (financial independence retire early), to things that everyone should know, such as housing, inheritances, and more. ...

What is 0% financing & how does it work?

1. Go dynamic. Instead of simply passing high interest rates onto vendors, a dynamic version of 0% financing uses the best available tools to assess the customer’s credit and adjust interest rates accordingly. There’s no need for vendors to be saddled with a high discount rate if the customer’s credit doesn’t warrant it. ...

Is 0% financing a bad deal?

A good rule of thumb is to put at least a 20% down payment on a vehicle to avoid financial insecurity. Another way that 0% financing can be a bad deal is if it’s just too long of a loan. Typical car loan terms range from three to five years. Sometimes these deals stretch out for 72 months or six years. ...

What is the best personal finance sub on Reddit?

The flagship sub on reddit for everything personal finance is r/personalfinance. It boasts over 14.0 million members, and as many as eleven-thousand members online at any one time! r/personalfinance is absolutely stuffed with information, and it seems to be never-ending, with popular subs being added to daily. ...

Is Reddit a good place to learn personal finance?

Like most social media sites, the goal is to connect with new people, share information, and hopefully, learn a few new things. If you’re diving into the world of personal finance, Reddit is, somewhat surprisingly, a great place to go. Beneath all the snark lies a wealth of information (literally). What is Reddit? ...

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