A 0% interest loan a way pay, upfront cash (from numbers standpoint). keep cash high interest savings, gaining interest, pay the 0% loan. my 2 cents. someone giving a 0% loan, is a bad idea take (applies car loans well). Edit: assuming can afford purchase.
The 0% financing through lending arm the car company is loss leader. Ford Motor Credit offers 0% get people the door. well qualified buyer pays $45,000 a vehicle costs Ford $40,000 make.
The amount interest the APR / 12 (months a year). you charged balance 10% / 12. this case it's 1000 .10/12 = $8.33. after month, balance now $1,008.33. Assuming still don't pay this balance, next month, are charged additional 1,008.33 0.1/12 = $8.40 your balance $1016.73.
Basically cars have 0% APR deals selling slowly the 0% APR similar directly cutting few thousand the sale price. for if car selling slowly, of decreasing price $5k, may offer 0% APR. yes, can a auto financing times no interest.
A 0% APR credit card be for consolidating existing credit card debt making large purchase. cards offer interest-free periods, typically range six months nearly .
First, understand making late payment a 0 percent intro APR credit card cause forfeiture the card's introductory APR period, meaning could wind owing interest .
810 FICO, <1% utilization. 15 credit cards great history. denied. tried reach the finance department. told since don't any loan mortgage history my credit report, couldn't give 0% APR. 1.99% APR 50% payment the offer got instead. FML!!!!
Introductory 0% APR offers credit cards last from few months nearly years. when window closes, card's "normal" ongoing APR into effect. interest .
Without finding ways increase while the 15-month 0% APR term, and siblings (whoever's names on card) wind with deferred debt bomb the of period bills + charges now 15 months now (which then accrue interest the entire period), any remaining CC debt your dad.
A 0% APR purchases you ability buy with card then pay off time interest. Card issuers offer 0% periods purchases a to attract .
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I really hate it how Reddit uses "m" as the symbol for both months and
