Re:Why America will soon see a wave of bank mergers
by toast0 on Tuesday May 02, 2023 @01:04PM
(#35790751)
I don't know what factory car loans look like now, but for my last new car, they offered me a 5-year 0% loan vs a $500 incentive if I paid in cash. Safe interest rate paid for the missed incentive. It's a smidge less convenient to have a loan, but no big deal.
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Re:Why America will soon see a wave of bank mergers
by voakbasda on Tuesday May 02, 2023 @09:20PM
(#35796525)
In the face of persistent annual inflation, a 0% loan ends up yielding a net discount when compared to saving your money over the same time span and paying cash. Of course, that's only true if you're diligent about paying on time, but automatic recurring payments can take care of that problem.