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I think the buy-here pay-here "everyone approved" dealers that put disabling devices on their cars and those who sell new cars at 0% are kind of different world

I think the buy-here pay-here "everyone approved" dealers that put disabling devices on their cars and those who sell new cars at 0% are kind of different worlds. I see 0% financing as just an accounting trick to discount a car a few thousand $ without setting expectations for discounts or giving away the money up front. There may be exceptions, but I've never had or been offered a car loan that had early repayment penalties, so as many other people have said in conversations like these, might as well go for the longest term that gets the lowest rate and pay it off whenever you feel like.

sandworm101 7y ago
>> might as well go for the longest term that gets the lowest rate and pay it off whenever you feel like. That is a great textbook approach, pick a car you can afford and demand the best deal, but things work differently at car dealerships. These very long loans are not about getting someone a better deal on a selected car. It is more often about taking a monthly payment that the customer can afford, then maximizing the amount of car that payment can finance. At the really shady end it is about getting someone into ANY car.