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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.
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“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.”View full answer
- Gregory R.
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