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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]In my experience, the dealers do charge you more for the car if they give you 0% financing. We found that our after we negotiated a price for a Honda Odyssey a few years ago (based on looking online to find the lowest price and asking to pay that price). We planned to use money from our HELOC. Then we noticed that they had a sign offering 0% financing. I asked if we could take advantage financing instead of paying in full from our HELOC. The dealer apologized and said that the low price we had negotiated was not available with 0% financing. So 0% financing may still be a good deal, but perhaps not quite as good as it seems.[/quote] That's when you say thank you very much - I'll go talk to another dealer and turn around and leave. [/quote]
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