Quote:
Originally Posted by SumAznGuy
You aren't giving us much information other than 0% financing and able to borrow more than the value of the car.
For starters, is the loan through a bank or through the brand's financing department.
AT 0% interest, how long is the loan good for and is there any hidden fees?
Generally speaking, there's no such thing as a free lunch. If it is too good to be true, it generally is.
Why are they loaning you money for free when that money can be used elsewhere to try to generate revenue, possibly by moving one of their cars?
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I know as much as I have provided. We weren't interested so didn't look into the details
But I would think that the loan would be through their own financing, for whatever length of time the financing on the new vehicle was going to last. And my guess is they are using this 'promotion' to try and upgrade us to move a new vehicle. Once again the only thing that i hadnt heard of in this scenario was dealers offering to attach extra cash to the loan at 0%