Is 0% APR a trap?

Is 0% APR a trap?

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  1. 3 weeks ago
    Anonymous

    a number can't be trans

    • 3 weeks ago
      Anonymous

      41

      • 3 weeks ago
        Anonymous
      • 3 weeks ago
        Anonymous

        Keep up with the times.
        Latest report is 50%

      • 3 weeks ago
        Anonymous

        god damn it. 3pbp

      • 3 weeks ago
        Anonymous
    • 3 weeks ago
      Anonymous

      jej

      41

      JEJ

    • 3 weeks ago
      Anonymous

      >he doesn't know about transcendental and transfinite numbers

      41

      kek

  2. 3 weeks ago
    Anonymous

    Dealers will be less willing to negotiate on price, but you will still pay less.

    • 3 weeks ago
      Anonymous

      Never settle for msrp or higher. Always go for invoice or threaten to walk away

      • 3 weeks ago
        Anonymous

        >go for invoice
        you mean what the dealership paid for the car? why would they make zero dollars off a car?

        • 3 weeks ago
          Anonymous

          NTA and I doubt anyone's getting away with actual invoice price, but dealerships are incentivized to move stock. They lose money every day a vehicle sits on a lot and they make enough off selling auto loans to nignogs through their vendors to eat low markup deals, because they know every sale they drop is going toward some other lot's quota.

          • 3 weeks ago
            Anonymous

            stair step programs and manufacturer rebates that should have been passed on to the consumer in the first place. Dealerships make money at invoice.

            they still make money at "invoice". you don't see their real bottom dollar invoice, the regular salesguys may not even know it since you'd have to factor in manufacturer-to-dealer incentives (like stairstep ppl mentioned, other shit).

            also, what ppl often forget is the dealers themselves are paying their own interest and monthly payments on those cars ("floor planning")

            I've heard of this tactic before, where you walk in and ask for the invoice, but I've always wondered what happens if they refuse to show it to you. After all, they're not legally required to tell you what they paid or anything, and even if they did how do you know it's the real price?
            So what do you do? Just leave and find a dealership that will? Why would any of them even show the invoice at all? What's in it for them to show a buyer the actual lowest price they could offer? It just doesn't seem like something any dealership would do. Be honest and fair, I mean.

        • 3 weeks ago
          Anonymous

          stair step programs and manufacturer rebates that should have been passed on to the consumer in the first place. Dealerships make money at invoice.

        • 3 weeks ago
          Anonymous

          they still make money at "invoice". you don't see their real bottom dollar invoice, the regular salesguys may not even know it since you'd have to factor in manufacturer-to-dealer incentives (like stairstep ppl mentioned, other shit).

          also, what ppl often forget is the dealers themselves are paying their own interest and monthly payments on those cars ("floor planning")

  3. 3 weeks ago
    Anonymous

    Wonder what kind of environment causes 0% interest rates

    • 3 weeks ago
      Anonymous

      Presence of minorities (generally religious groups) who consider compounding interest sinful.
      Often a sign of good times because even those disadvantaged groups have money to buy cars.

      • 3 weeks ago
        Anonymous

        Are people really openly calling whites (Christians) a minority now?

        • 3 weeks ago
          Anonymous

          Whites are a minority, anon. They're only a majority when you cherrypick countries or regions.

        • 3 weeks ago
          Anonymous

          Where does the bible say anything about interest rates?

          • 3 weeks ago
            Anonymous

            Usury (interest) is generally frowned upon in Christianity. More specifically, you aren't supposed to charge interest to fellow Christians but can to foreigners. This doctrine is also the case in Judaism which is part of why israelites give eachother interest-free loans.

          • 3 weeks ago
            Anonymous

            >Jews give eachother interest-free loans
            Do Christians?

          • 3 weeks ago
            Anonymous

            No, but that's mostly because the overwhelming majority of American Christians don't actually have any theological education (circumcision is expressly forbidden in Christianity but Americans only recently dialed back on it, prosperity gospel is a heresy, transgenderism is heresy, etc, all popular things in a supposedly still majority-Christian nation and supported by politicians that are at least on paper practicing Christians).

        • 3 weeks ago
          Anonymous

          jews and muslims think interest is sin. Christians and Catholics worship interest in order to subjugate people. Look at tithing and justify that with the bible.

        • 3 weeks ago
          Anonymous

          Globally, yes.

        • 3 weeks ago
          Anonymous

          Are you moronic? It's israelites and Arabs who forbid interest rates, curb your persecution complex.

    • 3 weeks ago
      Anonymous

      Cool it with the anti semetic remarks

    • 3 weeks ago
      Anonymous

      Expecting a recession or deflation.

  4. 3 weeks ago
    Anonymous

    It's a marketing expense. It's a discount on the financing instead of a discount on the purchase price, and often they run either a cash discount or a discount finance on the same car and the two offers are mutually exclusive, so you can take your pick. At the end of the day some MBA type somewhere ran numbers and decided this would be enough to convince the right number of buyers to maximize their profits.
    Like most discounts, you'll find it typically only applies to the cars you don't actually want. Ford doesn't offer it on the super duty or mustang, Mazda doesn't offer on the Miata, etc. Basically it's marketing dollars to help move overpriced junk, because good cars don't need discounts on this market. (Anybody see bonus cash on a ZL1?) If you want a brand new shit box, it can be a decent money saver. https://www.carfax.com/blog/0-apr-car-deals

    • 3 weeks ago
      Anonymous

      Any low interest loan in an inflationary environment is a good choice. But like he said most cars this is available on are shitty or fairly expensive to begin with. The only decent car I saw last time I looked was the F150

      • 3 weeks ago
        Anonymous

        The model y just had 0.99% financing and they conned so many people that are now underwater on their loan due to deprecation.

        • 3 weeks ago
          Anonymous

          What's wrong with you?

    • 3 weeks ago
      Anonymous

      >CX-50: 0% for 36 months on 2024 2.5 Turbo, Turbo Meridian Edition models

      That ain't bad if you can pay it off in 3 years. All the other non-Mazda cars listed fricking suck though.

      • 3 weeks ago
        Anonymous

        With Mazda dealerships at least, they do a progressing discount on new vehicles depending on how long that specific car has been sitting on the lot, which are all equally eligible for 0% apr. There's dealers who have literally the same model in the same trim and color, but prices vary from $26k to $30k because some have been at the dealer longer

        • 3 weeks ago
          Anonymous

          Interesting, sounds like a great buying opportunity

  5. 3 weeks ago
    Anonymous

    ONLY if it behaves as tack-on interest.

    Let's say you want to buy a $25k car. The dealer offers you either a $3k rebate or 0% APR for 48 months. With the rebate, the car is really worth $22k, so the $3k rebate is *actually* $3k worth of tack-on interest. Bear with me. Remember the real value of the car is $22k, NOT the dealer ticker price of $25k.

    Say you don't take the rebate. You have a $25k car loan over 48 months at 0% interest, and your monthly payment on that car will be $520.83. (25k/48)

    IF you take the rebate, however, and decide to go for that $520.83 monthly payment on the car anyways for 48 months, you're paying the dealer a 6.41% APR. These days that doesn't sound too bad, but consider that you can get a 4-5% loan from a credit union fairly easily and the 0% APR is a very clear scam.

  6. 3 weeks ago
    Anonymous

    Be careful some of them are a trap yes. Miss one payment and all that interest is getting add up. Basically its trap for homies without money

  7. 3 weeks ago
    Anonymous

    if the car has 0% interest available. The car has 0% interest from buyers wanting it. They want to move metal 2025 vins are being ordered to lots already they don't want 2023 model years on the lot. 0% interest is great as inflation means the payment will be worth less as the years go on.

    • 3 weeks ago
      Anonymous

      This, I just got my 23 wrx with 0% interest. They need to get them off lots to make room for the 25s. They can be a good deal, you just need to do your research and ask the right questions

  8. 3 weeks ago
    Anonymous

    No, it's how every dealership should sell their fricking $20,000+ vehicles they expect us to have the money to buy.

    Related q, does your credit score go up even with a 0% interest loan?

    • 3 weeks ago
      Anonymous

      Why wouldn't it? Assuming you can pay off your loan without defaulting a payment it should.

  9. 3 weeks ago
    Anonymous

    white men goes buy a car: gives $1000-$5000 to another white man for good used car

    homie goes buy car: uuhm shwa 0% apr why my ass still no afford?Shieeeet!

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