0% interest loans : r/carbuying - Reddit

The odds are really low now for 0% with the high interest rates. I have seen 0.99% with Kia/Hyundai on some vehicles (mostly EVs for 4 years). I think Chevy Silverados were 0% this …


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0% Interest Loans : R/carbuying - Reddit

3 weeks from now

The odds are really low now for 0% with the high interest rates. I have seen 0.99% with Kia/Hyundai on some vehicles (mostly EVs for 4 years). I think Chevy Silverados were 0% this …

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I Am Trying To Understand How 0%APR Car Financing Actually

3 weeks from now

With 0% interest it's usually the opposite. I was just looking at buying some windows and the salesperson quotes a monthly price with 0% interest for 5 years or something. Turns out if you …

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

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Dec 5, 2024  · Caveat is it’s 0% interest, at that time. CX-5 has 0% interest for a moment, in like October, when people rly don’t buy cars. In other moments, it’s a hot car. EDIT: I reread what I …

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0% APR Deals At Car Dealerships : R/personalfinance - Reddit

3 weeks from now

Remember, banks make money by charging interest on loans. When you see offers for 0% loans, typically, the auto manufacturer or their lending affiliate makes the loan, or the dealership pays …

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

3 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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Conditions/Requirements For 0% APR Auto Loan : …

3 weeks from now

The only requirement for me to get 0% APR was to: Have the required credit score, 760+ Finance the vehicle through the manufacturer's financing division Finance only for the term length …

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What Are The Best Interest Rates People Are Getting On Used Cars …

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Aug 28, 2024  · I could've bought a used car at $6k less and 7% interest (for the same term) and gotten the same monthly payment ... which is absurd due to the interest rate. Crunch the …

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0% Financing Now Or Wait? : R/askcarsales - Reddit

3 weeks from now

If the incentive is a no-interest loan, there is no reason to make a down payment. Since there is no interest, you would want to borrow as much as you can for as long as you can, simply …

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Would You Take A Loan On A Car With 0% For 72 Months And

3 weeks from now

That is they'll say the car is $40k and their banks interest is 7%, the manufacturer will give you $5k off. They can give that $5k directly to the bank, and they'll write you a 0% loan, or you can …

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Reasons To NOT Put $ Down On 0% Apr Car Loan : …

3 weeks from now

I did this in 2016. $0 down. $526 payment for the first 36 months and $616 for the last 30 (the way their deal worked). I wanted to put money down and I wanted to pay off the dang thing every …

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Car Buying- New Car With 0% Interest, Or Used With Low Rate - Reddit

3 weeks from now

It’s not actually 0%. Typically there’s a cash discount if you do something like 2% interest rate or 0%. Do the math. It’s about the same. Plus, you’ll get smoked in depreciation. If you really …

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What’s The Real Truth To Buying A New Car With $0 Down? : R

3 weeks from now

So yeah, let's say that you go finance a $40,000 car at $0 down and $0 interest. You add taxes and registration so now $44,000. Then your $8,000 of negative equity so $52,000. If the bank …

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How Does $0 Down Work? : R/askcarsales - Reddit

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After a year and a half go apply for another loan from banks or credit unions in order to take your co-signer off the loan. Bite the high interest rate by paying more a month then apply for a …

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0% Interest Car Loan. Help! : R/personalfinance - Reddit

3 weeks from now

0% loans tend to be from the manufacturer's bank. They make a large amount from the sales of vehicles, and 0% interest deals tend to only be on slower selling models. There are definitely …

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

3 weeks from now

The interest rate on car loans is more marketing than finance imho. They can either charge X @ y% interest or Z @ 0%. In some markets the latter will draw more revenue, in some the former. …

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FAQs about 0% interest loans : r/carbuying - Reddit Coupon?

What is a 0% APR car loan?

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. Zero interest car loans usually come with a higher price tag, expensive extras and strict repayment terms. If you miss even one payment, you lose your 0% interest rate and get charged late fees. ...

Why do people charge 0% interest on car loans?

The interest rate on car loans is more marketing than finance imho. They can either charge X @ y% interest or Z @ 0%. In some markets the latter will draw more revenue, in some the former. Charging 0% let's them have a bigger Z and makes that seem more affordable by drawing out the term of the loan. ...

Are zero interest car loans a good idea?

Zero interest car loans may seem like a good idea, but they usually come with a higher price tag, expensive extras and strict repayment terms. ...

Are 0% financing car deals a good idea?

Start the new year with an easy way to save on your next ride – 0% financing car deals on gas, hybrid and electric models. With new car loan rates struggling to find stability, financing a vehicle has become a tricky endeavor. However, no-interest financing deals provide a money-saving alternative by eliminating interest charges entirely. ...

How do zero interest car loans work?

Instead of being financed through a bank or credit union, zero interest car loans are financed through the vehicle manufacturer itself (often called captive auto lenders). If the name is any clue, you don’t get a say in the loan terms (which are super strict, by the way). ...

Is a 0% car loan a good deal?

If it's 0% for 72 months and no money down, and the price of the car is good, then it can be a good deal (assuming you have the cash to cover being upside down on the loan). If it's 0% for 24-36 months (most of the time) then you're usually saving less than taking the rebate cash and a 1-2% loan. ...

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