General question w.r.t 0% APR on car sales

[vatsayana]

Xferts, this is a general question.

I am seeing 0% APR on some vehicles for 6-7 year payments. For example, kia is offering 0% apr for 75 month payments on some select models.

I am wondering, what are pros and cons of this?

Is it better to get loan from other banks (Example: DCU) and purchase the vehicle? OR is the above 0% apr offer is better to take?

I am wondering, where will I loose money if I take the 0%apr offer?

TIA.

[Hitman]

బయట loan కి వెళ్లిన price same ఉంటుంది . Dont think 0% APR means there is a catch . since market is down they offer low APR 

[jefferson1]

future lo kuda deals vasthai 0% vi... not only ikea but other dealers too

money save chesi pettuko... you can make good downpayment

[vatsayana]

4 minutes ago, Hitman said:

బయట loan కి వెళ్లిన price same ఉంటుంది . Dont think 0% APR means there is a catch . since market is down they offer low APR 

 

1 minute ago, jefferson1 said:

future lo kuda deals vasthai 0% vi... not only ikea but other dealers too

money save chesi pettuko... you can make good downpayment

Thx baa.

Do you think, these offers are based on MSRP and we cannot negotiate if we try to take 0% offer? that might be one catch I can think of.

[Scada]

e time lo sticker price kanna takuvaki ostai  ..keep looking

[Hitman]

6 minutes ago, vatsayana said:

 

Thx baa.

Do you think, these offers are based on MSRP and we cannot negotiate if we try to take 0% offer? that might be one catch I can think of.

loan ఎక్కడ అనే matter పక్కన పెట్టి bargain చెయ్యి . 0% APR అంటే వాడికి loan ఎక్కడైనా ఒక్కటే . 

[jefferson1]

11 minutes ago, vatsayana said:

 

Thx baa.

Do you think, these offers are based on MSRP and we cannot negotiate if we try to take 0% offer? that might be one catch I can think of.

need to see what their offer is....

patha car unte ammaku... 2008 recessiion lo cash for clankers ani oka program chesaru... they gave around 4500$ for any car that runs.

[AndhraneedSCS]

If you dont want 0% APR, then you may be able to get it for a cheaper price 

[vatsayana]

7 minutes ago, Hitman said:

loan ఎక్కడ అనే matter పక్కన పెట్టి bargain చెయ్యి . 0% APR అంటే వాడికి loan ఎక్కడైనా ఒక్కటే . 

if we take loan in lets say DCU, they charge apr which is not 0%. but if we buy from Dealer it is 0% apr. However, when buying from dealer with 0% apr, they might not budge on price.

But, if we negotiate price first and then we need to try for 0% on that negotiated price. Hope it works  

[vatsayana]

4 minutes ago, jefferson1 said:

need to see what their offer is....

patha car unte ammaku... 2008 recessiion lo cash for clankers ani oka program chesaru... they gave around 4500$ for any car that runs.

baa, koncham tump thatha ki idea ivvava? e deal edo bagundi  naa patha car ammina 500 ravu. 

[vatsayana]

3 minutes ago, AndhraneedSCS said:

If you dont want 0% APR, then you may be able to get it for a cheaper price 

basically, I am looking for long term low monthly payment options baa  

[dewarist]

https://www.cnn.com/2020/04/17/cars/automaker-car-loan-deals/index.html

[vatsayana]

8 minutes ago, dewarist said:

https://www.cnn.com/2020/04/17/cars/automaker-car-loan-deals/index.html

Thx baa. 

this is one point I noticed right out of glance

Consider all your alternatives

Keep in mind, 0% interest may not be the best offer you can get. Some automakers are also offering cash rebates as an alternative to those no-interest loans. In many cases, the rebate can result in a lower monthly payment when paired with a low-interest loan.

[argadorn]

0 percent apr but rates ekuva pedutharu sachinollu ... Tahguthayi vayya prices future lo Atleast 3 to 4 months lo ... Emergency ayithay thekso max 2000 thaguthayi 

[vatsayana]

15 minutes ago, argadorn said:

0 percent apr but rates ekuva pedutharu sachinollu ... Tahguthayi vayya prices future lo Atleast 3 to 4 months lo ... Emergency ayithay thekso max 2000 thaguthayi 

Thx baa. Yes, need a vehicle for commute once office opens