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What the heck does this mean?

A

AdamDuritz99

Diamond Member
This offer is not compatible with current bonus cash, Ford Credit bonus cash, customer cash or other public offers. 0% Ford Credit APR financing at $13.89 per month per $1,000 financedb with 10% down. Take new retail delivery from dealer stock by 9/30/04. See dealer for qualifications and complete details.

found here.
 
That's the interest you pay, I would think. $13.89/mo for every $1000 that you borrow, plus the principle.
 
You pay $13.89 per month per $1000 on the loan.

So if your loan is $20,000, then your payment would be $277.80 per month.

All of the payment goes towards the principle of the loan since it is 0% interest.
 
Originally posted by: mpitts
You pay $13.89 per month per $1000 on the loan.

So if your loan is $20,000, then your payment would be $277.80 per month.

All of the payment goes towards the principle of the loan since it is 0% interest.
Click to expand...

ok, that makes so much more sense. Thanks!

peace
sean
 
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