Quote:
Originally Posted by Weitz
These days I would probably shop based on 0% financing. But I don't know if they offer that on used vehicles.
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Quote:
Originally Posted by Canehdianman
They don't.
But it isn't a deal anyways, they just factor the interest into the price.
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Quote:
Originally Posted by Weitz
Sure to the untrained.
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0% financing (or any subvented rate) is only available on new models, the manufacturer essentially pays the banks to give the subvented rates. Typically there is a better price for a cash purchase on new vehicles (in the form of dealer rebate which is passed on to the customer) because the 0% financing (and incurred manufacturers cost) is not necessary.
0% or any subvented rate is helpful if you are trading in a vehicle which you have a lot of in equity in. Not only that but interest rates on used vehicles are well, you have to have pretty decent credit to get much under 5.49%.