136390 Resource 134987 135658 266847 1154521080367 1321294407330 Controlled Zero-Percent Auto Loans: The Facts

As zero-percent financing offers become more successful, consumers question the real cost and benefit.

<h2 style="margin: auto 0in;">Zero-percent loans have become a very common promotion among auto dealerships to entice customers to purchase vehicles. After reading this article, however, I found, that in fact only approximately 33% of car buyers qualify and of those who do, only 10% actually receive the promotion. <h2 style="margin: auto 0in;">Buying a new or <a href="http://www.carloanscanada.com/" target="_blank">used car</a> is a relatively big purchase. You must do your research, not only about the car you want, but you should research the promotions offered to you by any dealership. You should also constantly compare rates, overall price, and if an option, compare lease and loan payments. By researching dealership offers, I learned more about zero-percent auto loans. <h2 style="margin: auto 0in;">The truth is when you get a zero-percent loan, you tend to overpay for your car. This is because you believe you are getting a better deal, and fail to adequately negotiate a better deal, with the dealership. Typically the offer is limited to select models and years, limiting your choice, and if you already have a car in mind, limiting your chance of <a title="Car Loans Canada" href="http://www.carloanscanada.com/" target="_blank">applying</a> for the offer. In addition to this, you are typically paying a higher interest rate on your loan, meaning a higher price for your car. Doesn’t look like such a great deal after all. <h2 style="margin: auto 0in;">For more information about zero-percent loans, this article was very informative The Truth About Zero-Percent Loans.</h2></h2></h2></h2> 10 application/xml false auto loan car loan new car used car zero-percent loan Mozilla/5.0 (Windows NT 6.1; rv:8.0) Gecko/20100101 Firefox/8.0 127.0.0.1 127.0.0.1 korlando 122.183.241.126 false true false false true 180314 false false true false false false true 134987 blog blogsite/CarLoansCanada/web