Obviously if it's a 60 month 0% loan, I want to pay the sticker price minus the return on a 2.5 year fed bond... This sentiment makes some sense during normal

Obviously if it's a 60 month 0% loan, I want to pay the sticker price minus the return on a 2.5 year fed bond... This sentiment makes some sense during normal times, but we're now back in ZIRP. As of this week, a 2.5 yr treasury bond pays about 0.25%. On $40,000 that's $100 per year. https://www.bankrate.com/rates/interest-rates/treasury.aspx https://www.bankrate.com/rates/interest-rates/treasury.aspx On a $40,000 vehicle, negotiating a $1,000 reduction in purchase price would dwarf any considerations of "the return" on a treasury bond.