Is 0% financing for auto loans a thing of the past? : r ... - Reddit

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 …


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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 …

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Any Reason Not To Take Advantage Of 0% Financing? : R ... - Reddit

2 weeks from now

The dealership usually makes more on financing than on the price of the car. To offer 0% they are probably adding to the sticker price or elsewhere to make up for it. It's also a rare case where …

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

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The 0% financing comes through the lending arm of the car company and is a loss leader. Ford Motor Credit offers 0% to get people in the door. The well qualified buyer pays $45,000 for a …

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

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Dec 5, 2024  · Don't buy a car *because* of the 0% APR. Buy the car because it is one you can afford and is correct for your needs. Now, given similar cars that meet those criteria, calculate …

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Has Anyone Actually Received Approval For 0% APR?

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Oct 28, 2024  · We talked about financing and trade-in value of my current vehicle. They wanted me to put down 8% of the purchase price upfront. I had negative equity that I was rolling into a …

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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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Is 0% Financing A Thing Of The Past? | BobIsTheOilGuy

2 weeks from now

Dec 31, 2017  · While I have done financing before, I have never even considered anything more than 5 years at 1.90-3% (usually paid off it 3-4 years), 8 years is just plain stupid. The 0% …

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

2 weeks from now

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 …

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Car Deals With 0% APR In January 2025 - CarGurus

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APR stands for annual percentage rate, and it describes the amount of interest you’ll pay on a purchase over a given loan term. 0% APR car deals are financing offers from automakers or …

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Here Are All The Cars You Can Buy With 0% Financing

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May 13, 2024  · Long term car loans make it easy to unintentionally spend money, and that is not a good thing. Also, long-term loans are not limited to car enthusiasts. Car enthusiasts might get …

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Are 0% APR Car Loan Promos Back? Experts Weigh In - Bankrate

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Oct 21, 2024  · 0% car loans over the years. Auto loan rates are loosely tied to macroeconomic factors, and to an extent 0 percent car loans have some commonality. One main difference is …

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10 Best 0% APR Deals In February 2025 - Kelley Blue Book

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2 days ago  · Price: $30,170 Current offer: 0% APR financing Expires: 2/28/2025. See Mazda MX-5 Miata models for sale near you. No, this isn’t a family car, but the Mazda MX-5 Miata is a …

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Best 0% Finance Deals January 2025 - RealCarTips.com

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Jan 9, 2025  · This week, I updated the list of best 0% finance deals on new cars. Interest rates had gone up considerably in recent years, and at first we saw manufacturers cutting back on …

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

2 weeks from now

Just tagging onto this to reiterate that you should finance absolutely as much of this car as you possibly can if you're given a 0% (or even like, sub 2%) interest rate. Too often the folks on …

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0% APR Car Deals: Are They Worth It? - MSN

2 weeks from now

As car loan interest rates soared over the past few years, no-interest car loans became a better and better deal. According to a recent Experian study, the average auto loan APR (annual …

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Every 0% APR Car Deal In January 2025 - CARFAX

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Jan 6, 2025  · Even with a low-interest loan, say 3% on a $25,000 vehicle, you’ll end up paying $32 in interest per month. Over 60 months, that’s nearly $2,000. (Learn how to finance a car.) …

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What Are The Downsides Of Zero Percent Financing? : R ... - 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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0% APR Guide: What You Need To Know Before Financing A Car

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Feb 2, 2024  · Let’s keep things simple and say you will finance $20,000. The 0% car loan is for 36 months. You will pay roughly $556 per month, totaling $20,000 at the end of 36 months. If you …

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Downpayment On 0% APR Car Loan : R/personalfinance - Reddit

2 weeks from now

Hello, My fiance and are looking to buy a car. We are planning to purchase and finance through Hyundai which is offering a 0% APR loan. We were planning to put down $8k to get payments …

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FAQs about Is 0% financing for auto loans a thing of the past? : r ... - Reddit Coupon?

Should you buy a new car with 0% financing?

A new car is always going to be a high-value purchase, even if you spread out the cost with an auto loan. Opting for a deal with 0% financing ensures you are only paying off a loan equivalent to the value of the car, and not additional interest on top of that loan. ...

What is a 0% APR car loan?

Attractive 0% loans are reserved for car buyers with exceptionally good credit. When shopping for a new car, you’ll probably notice some low-interest special offers and incentives from automakers. Some brands offer loans with 0% APR interest, which suggests that you can finance a car and pay no interest over the loan term. ...

Can you finance a car with 0% interest?

When shopping for a new car, you’ll probably notice some low-interest special offers and incentives from automakers. Some brands offer loans with 0% APR interest, which suggests that you can finance a car and pay no interest over the loan term. However, is 0% financing too good to be true? ...

Can you get a 0% loan on a new car?

Some like the Volkwagen ID.4 even has a $5,000 cash back offer on top of 0% financing. The average APR rate for a 60-month new car loan has risen to 6-9% for those with good credit. Using this figure, a 60-month, 0% deal will save you around $4,000 in interest for a vehicle costing $40,000. Check out the full list below. ...

What is a 0% car loan?

Instead, you pay interest and fees to the bank for lending you the money. APR stands for annual percentage rate, which calculates how much the lender charges to borrow the money. With a 0% financing deal, you repay the money you borrow and nothing more. How Do 0% Car Deals Work? ...

What happens if you get a 0% financing car deal?

Also, the cost of financing gets built into the price of the car. If you obtain a 0% financing car deal, you likely will not get any other incentives on top of that. The automaker still pockets a nice profit on the sale of the car despite not making any profit on the financing. ...

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