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I recently saw this question posed to money-guru and radio host Dave Ramsey, who I listen to occasionally and we, in fact, are on some of the same radio stations across America:
OH Dave. Please come on my show OR let me come on yours, either way!
You do not need perfect credit to get 0%. Interest rates are at historic lows, which means it costs automakers much less to offer this perk.
REALLY? You think you have to pay full sticker price to get 0%? Do you get out in the world at all? Anybody can negotiate a deal and then decide if they want 0% or a rebate, whichever works better for them.
How is 0% a gimmick? No interest means (call me simple) NO INTEREST.
Are you really suggesting you shouldn�t buy a new car unless you have $1 million dollars in the bank? Have you checked the prices on used cars recently? Do you take in account the cost of repairs versus being under the factory warranty?
Lastly, in today�s world, throwing around cash at a dealership doesn�t mean squat, and may likely cost you more money. I address that here:
Dude, stop the car advice. Leave that to me, and I�ll stay out of the areas you may be good at. This is not one of them.
August 11, 2020