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>>You are an engineer, so I will assume that you ran the numbers, but 0% car loans where you forego a large rebate are not truly 0% (there is an inplied rate of interest resulting from the opportunity cost of foregoing the rebate) and are not even necessarily better deals than taking the rebate and financing elsewhere.

Yup, I was checking numbers on the other vehicles we looked at. At the time a rebate was not offered as an alternative for the one we bought.

Don't forget another cost of the low financing instead of taking a rebate: The payoff is higher if the vehicle is totaled. That's more difficult to quantify since taking the rebate with a higher monthly payment (if it is higher) is similar to buying insurance so you won't have to pay more than its worth. To me having the principal be a few thousand dollars less during the high depreciation years is worth a few dollars a month to me.


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