Is 0% Interest On a Car Loan a Great Deal? #AskTheMoneyGuy 0 finance car

by ecurRENCYthailand

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ดอกเบี้ย 0% สำหรับสินเชื่อรถยนต์เป็นข้อเสนอที่ดีหรือไม่? #AskTheMoneyGuy ลงทะเบียนสำหรับหลักสูตรออนไลน์ของ Financial Order of Operations ➡️ นำการเงินของคุณไปสู่อีกระดับ ➡️ สมัครตอนนี้: ดาวน์โหลดแหล่งข้อมูลทางการเงินฟรีจากการแสดง ➡️ ดูภาพรวมคำสั่งการดำเนินงานด้านการเงิน (FOO) ➡️ ผู้เชี่ยวชาญของเรามุ่งเน้นที่การวางแผนทางการเงิน . และการจัดการการลงทุน และเราใช้ประโยชน์จากความรู้ของเราเพื่อประโยชน์ของคุณ เราช่วยให้คุณมุ่งเน้นไปที่สิ่งที่คุณสามารถควบคุมและจัดการสิ่งที่คุณไม่สามารถทำได้ เยี่ยมชมเว็บไซต์ของเราสำหรับข้อมูลเพิ่มเติม➡️

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Is 0% Interest On a Car Loan a Great Deal? #AskTheMoneyGuy

Is 0% Interest On a Car Loan a Great Deal? #AskTheMoneyGuy

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Is 0% Interest On a Car Loan a Great Deal? #AskTheMoneyGuy
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คุณสามารถค้นหาข้อมูลที่เป็นประโยชน์เพิ่มเติมได้ที่นี่: ดูเพิ่มเติมที่นี่
คุณสามารถค้นหาข้อมูลที่เป็นประโยชน์เพิ่มเติมได้ที่นี่: ดูเพิ่มเติมที่นี่

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29 comments

The Money Guy Show 05/12/2021 - 12:27 Chiều

Take Your Finances to the Next Level ➡️ Subscribe now: https://www.youtube.com/c/MoneyGuyShow?sub_confirmation=1

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Note20 Ultra 05/12/2021 - 12:27 Chiều

It's called gap insurance, this is nonsense advice why would you put any money down u can use that money elsewhere

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Bobo 05/12/2021 - 12:27 Chiều

They intentionally add more to the price to make more money on 0%

If you see a car going for 0% finance you can 100% get it cheaper paying for it outright

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James Jhonson 05/12/2021 - 12:27 Chiều

Financing a vehicle in general will derail your finances but it you finance a luxury vehicle, you are doing the f.o.o, (financial of order operation) all wrong.

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Destiny Nichole 05/12/2021 - 12:27 Chiều

That’s why you get gap plan to cover difference of the loan. Next…….

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Killroy 05/12/2021 - 12:27 Chiều

Define the 8% rule, please

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Cheeto Puffs 05/12/2021 - 12:27 Chiều

So my mom said her job NAPA AUTOPARTS if she get a new car loan she only get 1% interest on a car and she the worst with money how to tell if it's for certain vechicle

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Mike Ashworth 05/12/2021 - 12:27 Chiều

Please do a video on car reimbursement thru your employer…please

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IFLYBFJ 05/12/2021 - 12:27 Chiều

These guys talk funny…

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Eric Worthington 05/12/2021 - 12:27 Chiều

What is considered luxury? Or how much?
Cause u can get a cheap used luxury vehicle that's within the 20/3/8…

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Ato Atooo 05/12/2021 - 12:27 Chiều

Are you that guy from super store?

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Jeff Passage 05/12/2021 - 12:27 Chiều

$40 a month you say??

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Tom Price 05/12/2021 - 12:27 Chiều

If disciplined, better to finance the full amount @ 0% even if you have the 20% down payment in cash. Put that cash in a saving (low interest) account. Yes you’re technically upside down on the car note, but not from your personal accounting reference. Now if there is a cash rebate in lieu of 0% financing, that should be taken into account with the decision.

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DAN Tu 05/12/2021 - 12:27 Chiều

For me, it wasn't because I bought more truck than I can afford at the time.

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Chris Jenkins 05/12/2021 - 12:27 Chiều

If you just add a gap insurance. I don’t see why you wouldn’t want to prolong paying the car off at 0%. You may be upside down but if you wreck your car it’ll be 100% paid off.

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Brent 05/12/2021 - 12:27 Chiều

The best car is a paid for car. The only way I’m buying a new car is with cash. Guys at my work don’t get why I still drive a 12 year old truck. Jokes on them for owing 50-70K on there “nice” new truck

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Pierre L 05/12/2021 - 12:27 Chiều

There is something called gap insurance guys… Cover the difference between car value and loan remaining.

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Ted M Nicholas 05/12/2021 - 12:27 Chiều

I believe it's okay to put 0%down as long as you get 1.7% interest rate or lower. That way, If you get into an accident your emergency fund can be used and hopefully its earning more than the interest of the car. loan.

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Slim Dawg 05/12/2021 - 12:27 Chiều

They do lurk now in the service department and try to sell you a new one every time you get service.

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Mr. Pokey 05/12/2021 - 12:27 Chiều

The worst purchase anyone should ever make, other than leasing, is to purchase a new car. With the value dropping 50% in the first three years, the wiser decision is to purchase a car that is two or three years old, put down a decent initial payment and finance the rest for maybe 2 or maximum 3 years. With a 5 or 6 year old car I still have decent value and if I maintain it, it can last for quite a while.

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AnonymousComment 05/12/2021 - 12:27 Chiều

Spent half my net worth in college on a Porsche. But gave it to my ex business partner to settle an argument over $300k+. Bought a Ferrari and wasted 40k on depreciation in less than 2 years. But got invited to a private poker game and made six figures from it because the host liked my car. I quit owning vehicles though, now just use uber. So I’ve technically made money off cars but don’t want anything to do with them anymore (headaches)

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Jr 05/12/2021 - 12:27 Chiều

I worked at the corporate office of a publicly-traded dealer group and access to all their dealerships which included just about every brand there is. What I learned is that when it comes to buying cars there's no set of rules that applies to everyone.

For example, different brands do things differently. Ford, for example, usually offers at least 3 sets of incentives: 1) Low or 0% APR with low rebates or 2) higher rebates with "other" (non Ford) financing or 3) Huge rebates at the "standard" Ford APR
Other brands such as Honda uses "dealer cash" instead of rebates. That means the dealer may use a certain amount of dealer cash towards the sales price or keep it as profit on the deal. Low APR offers usually means giving up the cash.

Toyota in the USA is actually 3 different companies (Southeast Toyota, Gulf States Toyota and National Toyota). They do things differently so buying a Toyota in Florida is different than in Texas.

There's so many variables when it comes to buying a car. Then there's behavioral things to take into account also. For some people leasing is a much better option than buying.

When it comes to 0% APR offers theres 2 things to look for:
1. Are you better off taking the 0% or are you better off taking the cash incentive and financing at a regular rate with a credit union for example.

2. In my opinion, and from my experience, when 0% makes sense then take it and put $0 down. Put that money to earn you interest. And get GAP protection, which can be negotiated. Never pay more than $600-650 for GAP. Cancel it halfway through the loan for a prorated refund if you're really keeping the car.

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Roy Vannoy 05/12/2021 - 12:27 Chiều

What source do you use for Use car prices. In the market and don't want to pay to much.

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Jared H 05/12/2021 - 12:27 Chiều

Often there is a cash discount in lieu of 0% financing. 0% loans aren't free

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Justin 05/12/2021 - 12:27 Chiều

Vehicles are a complete waste of money, unless you have an exorbitant net worth… I’d rather invest for my kids and drive a beater.

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Crypto Magnet 05/12/2021 - 12:27 Chiều

I was stupid a couple years ago and bought a brand new car. Totaled It within 6 months. However through USAA I paid a little more on my insurance And they covered the depreciation. I came out very well on it. However I bought an 8 year old Honda that runs very well!

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Lee-Rhaan King 05/12/2021 - 12:27 Chiều

Instagram – beginnermindset

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Peter Hoffman 05/12/2021 - 12:27 Chiều

if it sounds too good to be true, it's not true for you and it's good only for them. The dealer will not lose. (In Vegas, the 'house' always wins, I hear, and at the dealer, the company always wins …one way or another.)

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lmbarnes3 05/12/2021 - 12:27 Chiều

Gross income? Monthly? The car or the payment?$150,000*8%/12=monthly car payment?

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