mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I'm in the process of buying a new Toyota product and was planning on paying cash as I always do. During my chat with the fleet sales mgr he mentioned that if I had a FICO score of 650 or greater I could qualify for a 36 month 0% loan. He threw in ~"It's a no brainer."
I prefer having a paid off car, but can't help being tempted in accepting the loan as I doubt that I will ever get a better rate. Toyota just wants to sell cars and they are being aggressive on this issue (or so my logic says.)
If you had the money in savings and getting about 0.50% yield in that account, would you be tempted to accept the 0% offer if you could pay off the balance at any time if you just did not like the deal for some reason?
I prefer having a paid off car, but can't help being tempted in accepting the loan as I doubt that I will ever get a better rate. Toyota just wants to sell cars and they are being aggressive on this issue (or so my logic says.)
If you had the money in savings and getting about 0.50% yield in that account, would you be tempted to accept the 0% offer if you could pay off the balance at any time if you just did not like the deal for some reason?