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Sub-Prime Car Loans 0%

Discussion in 'Credit Talk' started by charlieslex, Aug 28, 2002.

  1. Aug 28, 2002 #1
    charlieslex

    charlieslex Well-Known Member

  3. Aug 28, 2002 #2
    Turtle

    Turtle Well-Known Member

    I financed a car through Ugly Duckling and it was an awful experience at a 24% interest rate but it looks like they 'might' be turning their act around. If they truly will offer 0% to sup-prime customers then they deserve a major kudos.
     
  4. Aug 28, 2002 #3
    GEORGE

    GEORGE Well-Known Member

    It wouldd be OK if the "FINANCING" is NOT built into the car price...
     
  5. Aug 28, 2002 #4
    sassyinaz

    sassyinaz Well-Known Member

    I do hope they walk their talk, what a great business that would be and they'd propel themselves to the pinacle of dealerships.

    Ugly Duckling though has a bad reputation so I hope they are doing some housekeeping and not just releasing the self-promotional fluff to generate first month business.

    Reads to me like the catch is going to be the down payment. Hmmmm, 20k car = 1/2 down or 3/4? LOL

    Sassy
     
  6. Aug 28, 2002 #5
    GEORGE

    GEORGE Well-Known Member

    Even if you had to put $5,000 DOWN on a $20,000 car...you still get 0.00% on the rest...
    If you WORK IT RIGHT...the $5,000 could be at 3.99% or so if you had what I have with MBNA right now...THEY WILL BT TO YOUR CHECKING or you can get checks...(if you get the "RIGHT" person you can even get the BT fee waived)...
     

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