Quote:
Originally Posted by baum
At 7 years your car has depreciated alot
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Yes but it depreciates anyway. At least you're not paying interest on it. The terms can be lowered from 84 months, that's just the max offered at the 0%. [even if not you can pay off early, which is allowed in 99.99% of loans nowadays] It's a great deal, and if someone WERE to want a keeper for a long time, then this is perfect. It's win win win no matter how you look at it.
The trade-off is you're paying closer to full sticker, only negotiating that can happen is whatever you can get the dealer to knock off. If someone's going in with little money down and wants to keep their monthly payments low this is a perfect deal. That interest compounds over time, enough such that the $500-2500 you might have gotten back with normal incentives will be less than the savings at 0% over the course of the loan.