What does 0% finance mean on an automobile?

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What does 0% finance mean on an automobile?

2006-08-23 21:05:43 · 3 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling

3 answers

It means that if you have good enough credit and usually a down payment, they will lend you the money to buy the car completely interest free. i.e: car is $30,000, you pay back to the bank $30,000 only. They do not charge you any interest.

2006-08-23 21:09:26 · answer #1 · answered by up all night 4 · 0⤊ 0⤋

0% means that there is no interest charge for purchase. There are still all of the other normal fees.

2006-08-23 21:12:28 · answer #2 · answered by Anarchy99 7 · 1⤊ 0⤋

It means they will screw the money out of you some other underhanded way. Its a car dealer after all.

2006-08-24 02:53:39 · answer #3 · answered by Anonymous · 1⤊ 0⤋