Which Financing Options Is Best For You?!
0% financing for people with excellent credit who plan to pay their new car purchase off within the auto loan term of the incentive is nothing less than perfect. But, people with less than perfect credit will find that 0% auto loan financing is usually not doable. Having your car loan secured with a “letter of approval” or “cash voucher approval” gives you the opportunity to negotiate your best price prior to deciding if taking 0% financing is your best alternative. Weigh all of the options available to you equally to determine if 0% financing on a new or used vehicle is right for you.
Auto Makers Offering Great Incentives:
Many Automobile Dealers can entice prospective car buyers with attractive incentives to use dealer low rate auto financing. Please do your homework before you buy into any auto loan financing programs. Before you even think about the financing portion of the deal, figure out the fair price of the car you are looking at, and negotiate that price.
If you have excellent credit, and you can qualify for 0% auto loan financing, you must first make a decision, do you want 0% financing for the duration of your car loan, or do you want any rebates if available? You will not get both!
Compare what your total auto loan costs would be at 0%, to the type of auto financing you could get if you chose the rebates and used standard dealer low rate auto financing or (online auto lender “cash voucher” financing). The larger the amount that you finance or borrow, the more advantageous the 0% auto loan would become once you are certain that you can pay a 0% financing off in the required time period. Ultimately, the decision is yours to make!