Is 0% APR financing for 84 months a good deal on a Ford Bronco?

Is an 84-month loan a good idea? I want to buy a new Ford Bronco, but I need to finance it. Right now, the dealer is running a special that offers 0% APR financing for 84 months.

Answer
“If you want to get an 84-month loan, this is as good of an APR as you’ll find anywhere. Most 0% APR loans cap out at 60 months, so this is indeed a great deal.
Be mindful of how loan length affects the overall amount that you pay for a car. It’s typically recommended that you go no longer than 60 months for a car loan.
You should check to see if there are any fees, like:
  • late payment penalties
  • prepayment penalties
Sometimes there are, especially if you miss a payment. So be vigilant and read everything before you sign on your new car.”
avatar
Eric Schad
Answered on Jul 15, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
thumb-up

Did this answer help you?

Ask us a question by email and we will respond within a few days.
thumb-up

Have a different question?

You can meet us at our office and discuss the details of your question.

Easiest way to compare and buy car insurance

√
No long forms
√
No spam or unwanted phone calls
√
Quotes from top insurance companies