Question by : Is it even possible that someone buys a new car and has 0% interest to pay on the finance? 2010 Toyota Rav4 someone gets to get it financed with 0% interest 36 months $ 700 a month? is this even possible? that person has over 700 credit score because of 7 years of apartment payment? (personally i think its bull****....) Best answer for Is it even possible that someone buys a new car and has 0% interest to pay on the finance?:
Answer by RetiredDebtFree
They pay a premium for the zero percent. It's built into the price of the car ... they may not realize that. Silly to buy a new car and pay that much ... and it's going to sit in an apartment parking lot, and not even a garage? People should more often buy a 3-4 year old vehicle with under 40,000 miles, or one they can pay cash for and stay out of debt.
Answer by Enigmatic
Of course it's possible. Dealerships run specials like that all the time.
Answer by Common Sense
0% is possible with excellent credit, but paying rent has no effect on credit. 700 a month is about $ 27,000 for 36 months at 0%
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