someone should jump on this

Jake · August 03, 2011, 09:00:30 PM

Nope. They just are despirate to sell ... the catch with 0% financiaing is that they usually don't give you a break on the price you pay, whereas ford has employee pricing right now, but you pay like 4-5% interest, so it nets out to about the same. You hhardly ever get cheap pricing and 0%, only on certain models which will probably get re-designed the next year and they want to get them all off the lot before the shipments start coming in.

Jmac00 · August 03, 2011, 09:04:31 PM

Also, its usually set that the 0% financing is for X amount of months. So lets say you need to take out the loan for another year or two...then you'll have to pay whatever percentage. But alot of places are offerering 60 or 72 months...

Jake · August 03, 2011, 09:09:48 PM

True. I'm away next 2 weeks so am putting the car purchase on hold. But what I came to realize is that they all net out at about the same. The dealership can very easily figure out how to manipulate the numbers for that they get what they want ... hardly ever a good deal.

Only good deal would be when you actually pay cash during employee pricing, then you dont get hit with the high interest rates. On the other hand, you could make the arguement that you could not pay cash and finance around 4%, invest the moen yyou saved by not paying cash in low-risk government bonds that would probably pay out around the same as the dealers interest rates, so really again, you never win

Kyle · August 03, 2011, 09:13:57 PM

invest the money in low risk... right, the rate of return on GICs and such is abysmally low since the US economy tanked, under 2%...

Jake · August 03, 2011, 09:15:50 PM

You could invest your money in my future brewery if you'd prefer? lol ... don't know how safe that would be though, but still probably safer than the US economy right about now

Kyle · August 03, 2011, 09:23:42 PM

Nope, investing in MY brewery, slowly.

Richard · August 03, 2011, 09:54:36 PM

You're not the only one with plans to quit the rat race and start a brewery. Starting to think we should all go co-op on that plan

JohnQ · August 04, 2011, 05:58:15 AM

Once the roof is done, the garage is built, the deck is replaced, the siding replace, the hops farm is running and profitable...I'm in on the co-op, of course by then you may need a shovel to get to me!

JQ

Kyle · August 04, 2011, 09:12:30 AM

Yeah, when I buy my first house, I will have some unique requirements for the real estate agent. I forsee a personal brew-pub.