Quote:
Originally Posted by pylon
No, it is never free. I am a finance manager at a car dealership and I can assure you that any dealer offering 0% is doing do in lieu of a rebate. Typically the rebate works out to about the same as the cost of the interest if you were to borrow at a conventional rate. In some cases it is actually worse to do 0% because if you take all the rebates and add them up, they exceed what you would pay to borrow the money from your own bank. So ask for diclosure from the dealer on what rebates are available in lieu of finance, then do the math based on what you figure the bank will lend you the money for. Hope this helps.
Pylon
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It does. How do you know what they disclose is accurate. Nothing personal, but if it was 12 noon and a car salesman told me it was light outside, I'd have to look out the window to be sure. I don't trust those buggers. Not even a bit. Thanks.