Thread 28707221

Is it still better to pay in cash even when they offer 0% financing?

No but it's best to have that money set aside or in investments or some shit and not actually expect a fuckin CVT Nissan to last 72 months without needing massive repairs

No.

>>28707221 (OP)
There is no such thing as 0% financing. The bank always wins.

>>28707286
How are they winning if you aren't paying them interest?

>>28707287
They win because low IQ poors still manage to fuck it up somehow

>>28707287

Check the fine print. If you don't get charged interest then you could invest the cost of the car minus the minimum payments over the 6 years and get a return on your investment. Then you could pay off the remainder owed on car after 6 years to avoid any interest payments.

You're still getting screwed on the depreciation on the car though, so you'd have to deduct that from your profit made off investing the cash beyond the minimum payments. All in all you'd still probably do better buying used and letting someone else eat the depreciation.

>>28707304
>All in all you'd still probably do better buying used and letting someone else eat the depreciation.
but there are farts in the seats. and you pay more in maintenance/repairs.

>>28707287
>car is advertised as $18,000 online
>fine print on the website clarifies that the price advertised online is valid only for a cash purchase with no trade-in
>at the dealership, the price on the car's window sticker for a financed purchased is $23,000
Sure, you can make back some of that $5,000 markup with a 0%-interest loan. But you need to take it into account.

>>28707287
the cost of financing is baked in to the cost of the vehicle, even if the manufacturer is offering the financing arrangement. the money they are lending you at 0% is money that could otherwise make 4% interest in treasuries.

>>28707221 (OP)
Still put 20% down even with 0% interest so you're not underwater on the car. Only like >800 goyscores get zero percent interest though.

>>28707907
Absolute retard.

>>28707680
Made up scenario. Stealerships hate cash purchase and typically penalize a few thousand dollars. Was just going from dealership to dealership looking at a car and cash price was $1500-3000 higher than the list price (which was finance only)

>>28707294
I worked at a high end furniture store, we mostly sold pretty classic look stuff to old rich people.

We had 0% finance offered through our lender, 80% got nicked for non paying and paid interest.

It blew my mind.

If you can do it, yes, stupid people will pay enough the bank can eat a few losses because like no one actually does it.

>>28707221 (OP)
If they offered this shit in Australia, I would be incredibly tempted to buy a brand new Z (if it's included in the promotion)

6 years interest free is big

>>28707278
>what is a warranty

>>28707221 (OP)
nothing is ever offered you for free, ever. when it looks like it is its always because they can profit from thoose who miss payments or cant follow the plan and then they milk them dry and then take back the car anyway. they can continue to do this for all eternity because 1/3 will not get it they think its a free car, 1/3 will think they know this and can outsmart them but still cant afford it then its the 1/3 that can afford it. but still at higher rathe than if only their kind was allowed to buy such cars in the first place because they now have to pay for the fuckups of the 2/3 below them.

Save $500 a month. You can afford an average 40k car (after taxes) in six years and eight months, which is crazy!

>>28707221 (OP)
Any time you can get less than 4% interest, take it over cash, because why pay with uninflated dollars?

>>28708032
The scenario literally happened to me when I bought a Mitsubishi Mirage in late 2023.
Pic related. The price listed on the website was $17,995. After I made the appointment as required in the fine print, the window sticker said that the normal price with "market adjustment" was $22,995--but I only paid the $17,995, because the market adjustment didn't apply to purchases made in accordance with the website's fine print.

>>28707304
>muh depreciation
>muh profits
finance fags shouldn't be allowed within 1000 feet of an automobile

>>28708292
>>28708296
wow
car dealers deserve every bit of hate they get.

>>28707308
New cars have farts in the seats.
>t. new car seat farter

>>28708230
The car doesn't have a 72 month warranty

>>28708224
>is an actually desirable car available with the loss leader financing used to trick people into getting garbage vehicles off the lot?
Yeah no

>>28708406
Understandable. Have a good day

>>28707221 (OP)
No, that's an interest free loan.

>>28708423
You too m8

>>28708396
yes it does.

>>28708425
No, I have zero interest in those cars

>>28708311
Nonluxury dealers really are a living hell, luxury dealers at least get you a coffee while they rip you off, and their ripoffs are built right into the price

>>28707221 (OP)
It makes 0 sense to buy a commuter car new. The diminishing returns are insane compared to an older car.

>>28707284
no one even cares about "credit rating" in my country.

>>28707221 (OP)
No.

>>28708311
eh i don't think that example is that bad. yeah i'd be pissed off to waste my time to go down there and see a completely different price but sometimes if you make a big enough stink while leaving, they may knock it off if they're desperate enough for a sale.

>>28707221 (OP)
Paying in cash is never a good idea except for right now when interest rates like 7 fuckin %

If interest is around 3% or lower and your financing around 40k for 5 years a $3,000 premium is literally who cares.

My S&P500 position is averaging 15% a year the last 5 years which is still going to be a massive return after inflation vs some fukin 3% interest rate. Also personally Id rather have cash on hand.

Granted if any of you actually gave a shit about good ideas you would all own $15,000 2025 KIA Rios' with 10 year power train warranties. You wont though.

>>28708737
If you pay cash, and the car is cheap enough, you can get away with only having liability insurance. Which is going to save you a lot assuming your car doesn't get totaled. Even more so if you're younger and paying more for insurance/financing.

>>28708737
correct, i will never buy a kia.
i would much prefer to buy a $1500 shitbox every year for 10 years over buying a new kia

Nobody ITT is taking into account that your insurance rates go up when you finance and if you drive in public gap insurance is mandatory.
>>28707304
>getting screwed on the depreciation
It's a car. It wears out. It will depreciate the same in 6 years whether you financed it or not.