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Money and Finances
Reply to "Example of how not to borrow for a car"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Um how is this stupid? I'm looking for a car and can get 0%, why wouldn't I put down as little as possible?[/quote] How are you able to get 0%?[/quote] np. I bought my toyota highlander last year at 0% interest rate. Toyota financing was running a special and I had good credit. I also put my down payment on my amex so I could get the membership reward points.[/quote] But don't you need gap insurance? And, your credit score takes a little hit because you are financing. Plus, the administrative hassle. At the endvof the day why not buy it outright and be done with it?[/quote]
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