Tempted by the dealers offer for 0% financing? Here are a few things to consider. ** A perfect credit rating is usually needed to qualify for zero percent interest on car loans. Only a small percentage of all car buyers actually qualify for zero percent financing. **Zero percent financing usually means the terms of the loan will be shorter and the monthly payment LARGER. **Buyers may be limited in their vehicle choices. Zero percent rates are usually offered only on select models. **In order to get zero percent financing you may have to forfeit a manufacturer’s rebate. **Even if you qualify for zero percent financing, car dealers will often make up for the lost finance charge by increasing the overall price of the vehicle.
Posted on: Mon, 06 Oct 2014 03:55:03 +0000
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