Will car dealerships always offer 0% financing?

Will car dealers continue to offer 0% financing? I've noticed that car dealers have offered 0% financing for a long time.

Answer
“As long as 0% financing is selling cars, you’re likely to see it remain.
That’s because 0% financing is just another marketing tool designed to get people in the door.
While the dealer doesn’t make any extra money on the loan, the markups they have on the vehicles themselves is enough to make the business profitable.
Keep in mind that if you do get 0% financing, search the contract for what happens if you’re ever late on your payment. This is where most dealers recoup their money on lost interest and gamble that you’ll miss at least one payment.
Make sure you know what you’re getting into and avoid shady dealers before signing that new car loan.”
avatar
Eric Schad
Answered on Jul 03, 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