0% Interest Loans from car makers....expierences?

[kherman]

cars are not investments and loans:

If you buy a car outright for $20,000, It cost you $20,000.

If you get a loan for $20,000 and you investments appreciation is greater thanthe interest rate, you may actually end up paying $18,000 for the car, not $20,000. Therefore saving $2000!

This is irrelevent to the fact that a car is not an investment. You still loose money on it, but a loan can allow you to save money at the same time (if the conditions are correct).

I think this is the general idea in this thread. Just wanted to iron it out.

 

[RossMAN]

Does anyone know for sure (without guessing or pulling numbers out of your ass) what kind of credit score you need to qualify for these 0% car loans?

 

[vi edit]

700-715 was what I was told without a big down payment.

 

[kherman]

I'm going to pull a number out of my a$$. my credit is considered EXCELENT and I think it's 710 or so.

 

[RossMAN]

Originally posted by: vi_edit
700-715 was what I was told without a big down payment.

Well that's within my reach but still years away.

Thanks for the info.