2006-08-17 18:35:57 · 2 answers · asked by dream 1 in Cars & Transportation ➔ Buying & Selling
How good does your credit have to be to get it?
2006-08-17 18:47:04 · update #1
It means the loan that you get to pay for the truck would have no interest (0 apr) and you have 5 years (60 months) to pay it off.
2006-08-17 18:40:22 · answer #1 · answered by islandgirl92075 2 · 0⤊ 0⤋
0 Apr Car Deals
2016-09-28 04:18:28 · answer #2 · answered by carol 4 · 0⤊ 0⤋
0% APR is a great way to purchase a vehicle if you can get it.....simply put....you're paying cash for the vehicle.....the general rule of thumb is.....for every 10 thousand dollars financed under normal APRs you will pay about 200 to 250 a month......so with no money down and no trade a 30 thousand dollar vehicle would cost about 6-7 hundred a month.....with 0% APR that same vehicle would cost you 500 a month for 60 months.....basically the bank will make no money off of you....and if you have this chance....take it now while it lasts...dealerships usually dont do it for long.
2006-08-17 19:26:09 · answer #3 · answered by mechanical_moose1981 2 · 1⤊ 0⤋
APR is annual percentage rate... it is charged to the balance remaining on the loan ex: $100 w/apr of 5% would cost $5 for the first month in interest charges.
0% APR means you wont have to pay interest for 60 months.
Assuming of course, youre one of the few buyers that qualifies for that rate.
2006-08-17 18:44:04 · answer #4 · answered by cynthetiq 6 · 2⤊ 2⤋
Before you do that weigh how long you keep your cars versus how long you finance......you probably have to give up some substantial rebates in order to get that "0"%.....I will bet the amount of the rebates that you have to give something up....nothing for "free".......get the best price with all rebates and then shop the best interest rate that you can get with your credit and calculate the payment.....compare that against the payment at "0"%......is it really a better deal..........also if you are financing for a short term (36-48)...you may give up too large a rebate for that rate so think of that also......check it all out....."beware of alligator bearing fruit"......if it sounds too good to be true then it probably is......good luck!!
2006-08-18 11:20:16 · answer #5 · answered by Mickey Mantle 5 · 1⤊ 1⤋
hi all
2014-10-16 03:26:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋
amazed that I found this question already answered! it is like you read my thoughts!
2016-08-23 04:39:09 · answer #7 · answered by Anonymous · 0⤊ 0⤋