d2jsp
Log InRegister
d2jsp Forums > Off-Topic > Sports Coliseum > Motor Sports & Cars > Money Down Or Use For Payments
12Next
Add Reply New Topic New Poll
Member
Posts: 4,947
Joined: Nov 29 2012
Gold: 0.02
Jun 1 2014 06:59pm
Is it better to put 0 down and save that money for payments if it is 0% financing?

Am I missing something here?
Member
Posts: 12,774
Joined: Apr 23 2012
Gold: 155.00
Jun 1 2014 07:03pm
Money is not wasted as a down payment
Member
Posts: 18,179
Joined: Jan 31 2007
Gold: 6,864.11
Jun 1 2014 07:05pm
Quote (Tracerz @ Jun 1 2014 06:59pm)
Is it better to put 0 down and save that money for payments if it is 0% financing?

Am I missing something here?


if it is o% financing it is better to put no money down as long as you can keep up with the higher payments.

cash in hand is always best.
Member
Posts: 4,947
Joined: Nov 29 2012
Gold: 0.02
Jun 1 2014 07:25pm
Quote (WeePee @ Jun 1 2014 08:05pm)
if it is o% financing it is better to put no money down as long as you can keep up with the higher payments.

cash in hand is always best.


Cash in hand > then financing

But at 0% Im leaning towards 0 down, for some reason I always thought that downs of 2,,5, 8, 10 were nessicary when buying a new car
Member
Posts: 8,671
Joined: Jul 9 2007
Gold: 11,961.01
Jun 1 2014 07:34pm
Quote (Tracerz @ Jun 2 2014 01:25am)
Cash in hand > then financing

But at 0% Im leaning towards 0 down, for some reason I always thought that downs of 2,,5, 8, 10 were nessicary when buying a new car


It depends in your credit really. Most places prefer you to put 20% down up front since that will cover the cost of depreciation if the car ever gets seized due to not making payments or whatever.
Member
Posts: 29,723
Joined: Jun 11 2007
Gold: 279.52
Jun 1 2014 11:26pm
how the hell are you getting 0% financing
Member
Posts: 8,762
Joined: Nov 7 2011
Gold: 1.81
Jun 2 2014 03:35am
Quote (AkuuZ @ Jun 2 2014 12:26am)
how the hell are you getting 0% financing


Paying full retail
Member
Posts: 17,247
Joined: Oct 19 2007
Gold: 484.02
Jun 2 2014 08:44am
Quote (AkuuZ @ Jun 2 2014 12:26am)
how the hell are you getting 0% financing


Incentive rate at a dealership instead of rebates or through a credit union. My CU offers 0% for one month every year.
Member
Posts: 14,878
Joined: Jan 11 2007
Gold: 46.00
Jun 2 2014 11:25am
Quote (Orakpo @ Jun 2 2014 09:35am)
Paying full retail


This.

It is a give an take generally. The incentive might be $3k off MSRP and 3-5% APR or you get no rebate and 0% APR.

As far as which is better is really dependent on alot of things such as if you are gonna pay it off early, etc.
Member
Posts: 29,723
Joined: Jun 11 2007
Gold: 279.52
Jun 2 2014 07:21pm
Quote (FMX_89 @ Jun 2 2014 02:44pm)
Incentive rate at a dealership instead of rebates or through a credit union.  My CU offers 0% for one month every year.


right but isnt only for so long? like 12 months? then after that they bend you over and fuck you up the ass? idk ive never bought a car brand new.
Go Back To Motor Sports & Cars Topic List
12Next
Add Reply New Topic New Poll