Manufacturer 84 at 0%

me32

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I was thinking the same thing but no matter how I add or multiply 0, I still get 0 LOL.

Shit... I’d take 0% for a thousand months if they offered it!


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The longer the better at 0%. Lower payments and the same money could be in a high yield savings making you money while making payments.
 

Kornilov

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who the hell wants to be paying on a vehicle for 7 damn years?? The borrower is ALWAYS slave to the lender.

Lol. You do realize you can pay more every month, right? In fact, thats what people do when they DO have interest on their loans. They pay more principle to cut into the interest.

So now, Mr. Ramsey, why wouldn't you want a 7 year loan at absolutely zero interest.?
 

VRYALT3R3D

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Meanwhile in Canada. Ford Credit is offering 5.99% on the Raptor and 3.49% for 72 months + 2250 incentive on the 2019 and 2020 Super Duty. (2.99 for 36 months on SD)
 

Dr. Gonzo

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Lol. You do realize you can pay more every month, right? In fact, thats what people do when they DO have interest on their loans. They pay more principle to cut into the interest.

So now, Mr. Ramsey, why wouldn't you want a 7 year loan at absolutely zero interest.?
Your income is your best tool for building wealth. So, if that income is being spent of a depreciating asset for 7 years (even at 0%), it's not creating you wealth. Think about where your net worth would be if you put that same amount of money, every month, into an index mutual fund for 7 years.
 

Blk04L

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Your income is your best tool for building wealth. So, if that income is being spent of a depreciating asset for 7 years (even at 0%), it's not creating you wealth. Think about where your net worth would be if you put that same amount of money, every month, into an index mutual fund for 7 years.

Not all of us have a relative leave us a large sum of cash in order to buy a Z06 in cash.
So, for some that need or want a vehicle, 0% interest is not a bad option at 84 months. If this is a purchase just to purchase a car out of stupidity or to buy outside of their affordability, well, that's on them.
 
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Kornilov

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Your income is your best tool for building wealth. So, if that income is being spent of a depreciating asset for 7 years (even at 0%), it's not creating you wealth. Think about where your net worth would be if you put that same amount of money, every month, into an index mutual fund for 7 years.

No argument that buying a new car is antithetical to building wealth. However, thats not the question. The question is if you WERE to buy a new car, buying it at 0%, regardless of the length of loan, creates the least economic impact and the length of the loan doesnt matter, provided you have the means to pay for the car.

Some people have a simplistic view that somehow anything greater than 60 months is some terrible financial decision, but who's smarter, the guy who borrows money at no cost for 5 years or the one that does so for 7?
 

me32

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Your income is your best tool for building wealth. So, if that income is being spent of a depreciating asset for 7 years (even at 0%), it's not creating you wealth. Think about where your net worth would be if you put that same amount of money, every month, into an index mutual fund for 7 years.

You just proved that exact point of the 0%. Say you buy a vehicle at 50k. You have the option to spend all that 50k in 1 day or you can put that 50k in a index mutual fund for 7 years and make payments monthly from that account. From day one your makeing money on that 50k and your making monthly car payments.

You dont buy a car/truck for added value. You buy it because either you want it or you need a new vehicle l.
 

Dr. Gonzo

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Not all of us have a relative leave us a large sum of cash in order to buy a Z06 in cash.
So, for some that need or want a vehicle, 0% interest is not a bad option at 84 months. If this is a purchase just to purchase a car out of stupidity or to buy outside of their affordability, well, that's on them.

No argument that buying a new car is antithetical to building wealth. However, thats not the question. The question is if you WERE to buy a new car, buying it at 0%, regardless of the length of loan, creates the least economic impact and the length of the loan doesnt matter, provided you have the means to pay for the car.

Some people have a simplistic view that somehow anything greater than 60 months is some terrible financial decision, but who's smarter, the guy who borrows money at no cost for 5 years or the one that does so for 7?

You just proved that exact point of the 0%. Say you buy a vehicle at 50k. You have the option to spend all that 50k in 1 day or you can put that 50k in a index mutual fund for 7 years and make payments monthly from that account. From day one you're making money on that 50k and your making monthly car payments.

You don't buy a car/truck for added value. You buy it because either you want it or you need a new vehicle l.
Guys, calm down. I just provided the Dave Ramsey response lol
 

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