0% vehicle finance

Discussion in 'Credit Talk' started by Neil, Nov 6, 2003.

  1. GEORGE

    GEORGE Well-Known Member

  2. GEORGE

    GEORGE Well-Known Member

    Re: Re: 0% vehicle finance

    PLUG IN THE NUMBERS...
     
  3. GEORGE

    GEORGE Well-Known Member

    Re: Re: 0% vehicle finance

    You would save $650 by taking the lower interest rate.
     
  4. 420greg

    420greg Well-Known Member

    Re: Re: 0% vehicle finance

    When I was in the Navy, whenever you got transferred you could request up to 3 months advance pay. This was interest free courtesy of uncle sam. You would pay it back out of your pay checks for the next 24 months.

    I saw my Dad do this when I was a kid. He was an Officer and his advance would be over 17k. We never needed the money, but he explained "interest free loan" is always good.

    I have been a big fan ever since.
     
  5. 420greg

    420greg Well-Known Member

    Re: Re: 0% vehicle finance

    When I was in the Navy, whenever you got transferred you could request up to 3 months advance pay. This was interest free courtesy of uncle sam. You would pay it back out of your pay checks for the next 24 months.

    I saw my Dad do this when I was a kid. He was an Officer and his advance would be over 17k. We never needed the money, but he explained "interest free loan" is always good.

    I have been a big fan ever since.
     
  6. Neil

    Neil Well-Known Member

    Re: Re: 0% vehicle finance

    Where do you get $38,287.44 from?

    $32,500 @ 3% would be 72 payments of only $493.79 = $35,552.88!

    Neil

     

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