finance rates
thinking about trading my class a on a new class a whats a good intrest rate with good credit
Forum Discussion
The 0% game is just a nice way to back load your interest and think you're getting something for nothing. With today's rates most of the time if a rebate is offered that's a better way to go.
I'm currently truck shopping. I can get either a $2250 rebate or 0%. With the $2250 rebate my interest rate is 1.89%, total finance charges will be around $1500, if I don't pay it off early. I typically do pay them off early.
The reality is that 0% would only cost me $750 MORE than 1.89%. :w If I pay it off early that $750 number grows even bigger, making that 0% even more expensive.
With most consumers today going 60 months on the loan take a look at the payoff amount at 36 months with the rebate vs 0% and that 0% gets even more expensive.
There is no such thing as free - ever. But as always, everyone needs to run the numbers themselves and see what works best for them.
I'm currently truck shopping. I can get either a $2250 rebate or 0%. With the $2250 rebate my interest rate is 1.89%, total finance charges will be around $1500, if I don't pay it off early. I typically do pay them off early.
The reality is that 0% would only cost me $750 MORE than 1.89%. :w If I pay it off early that $750 number grows even bigger, making that 0% even more expensive.
With most consumers today going 60 months on the loan take a look at the payoff amount at 36 months with the rebate vs 0% and that 0% gets even more expensive.
There is no such thing as free - ever. But as always, everyone needs to run the numbers themselves and see what works best for them.
