The price of the car may not be negotiable.0% financing is a way for car dealers to move inventory that isn't selling well, so you may not be able to get both your dream car and 0% financing. Special financing is usually offered for certain models with certain features. You may have to choose between the exact car you want and 0% financing.The credit union offers up to 100% financing, including tax and license. If you don't have cash available to make a down payment, you may not qualify. Some dealers require a large down payment before offering 0% financing. You may be required to make a large down payment.The credit union offers repayment terms up to 72 months, which can reduce a monthly payment from $2,150 to $364 (based on a $25,000 car loan at a rate of 5.9%). ![]() The longer the repayment term, the smaller the monthly payment. Some of the repayment terms can be as short as 12 months-which creates an incredibly huge monthly payment that you may not be able to afford. 0% financing is usually offered with very short repayment terms.However, you should evaluate the entire offer and consider what you will lose by paying an interest rate higher than 0%. ![]() If you have less-than-perfect credit, you still may get a great rate of 2.9% or 3.9%. Generally, only people with perfect credit qualify for 0% financing.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |