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Why do people think 0% interest is “free money”

Discussion in 'Off-Topic Discussion' started by Shamrock92, Sep 13, 2021.

  1. Sep 14, 2021 at 4:39 PM
    #91
    Cpl_Punishment

    Cpl_Punishment Mother-Loving Member

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    War Machine, Nic146 and Saltyhero13 like this.
  2. Sep 14, 2021 at 4:57 PM
    #92
    Saltyhero13

    Saltyhero13 Throbbing Member

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    More evidence inflation has taken a toll. "Nothing" isn't the same anymore. I can't afford it.
     
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  3. Sep 14, 2021 at 8:58 PM
    #93
    Nic146

    Nic146 New Member

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    Good advice! Although it would be even better if I wasn’t self employed! ;)
     
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  4. Sep 14, 2021 at 9:27 PM
    #94
    akmerle

    akmerle New Member

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    Roth IRA then (if you qualify).
     
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  5. Sep 15, 2021 at 1:18 PM
    #95
    mahmer09

    mahmer09 SR5 4x4

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    Right. I guess it is also about don't buy something you don't have the cash for. I for one have used 0% interest to buy some cool stuff I couldn't afford to buy out right and glad I did.
     
  6. Sep 15, 2021 at 3:03 PM
    #96
    DCLarston13

    DCLarston13 New Member

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    The answer to this question depends on the sales price. If the sales price for both are the same obviously buy at 0% but that is not normally the case. So you have to look at the end price that would have been financed. Also factor in gas mileage and road taxes, as those can change the answer as well.
    Unfortunately most car sales are not business decisions but rather emotional decisions.
     
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  7. Sep 16, 2021 at 1:17 PM
    #97
    Tchase

    Tchase MostlyLurk

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    They don't care but you should as this is will affect the interest rate you get. There is no way you got a loan and didn't at the very least get a soft check.
     
  8. Sep 16, 2021 at 1:19 PM
    #98
    Tchase

    Tchase MostlyLurk

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    Hell I've done a 7 year but paid it off early.
     
    AzureNightmare likes this.

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