UnThreaded | Threaded | Whole Thread (26) | Ignore Thread Prev | Next
Author: dsemmler Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76421  
Subject: Re: New passive investor looking 4 strategy crit Date: 2/6/2004 1:09 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
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.

I am not an engineer but we did exactly that when we bought my DW's car. The dealer seemed shocked we did not want to go with the 0% financing and we just nodded that we would prefer the rebate as we had secured our own financing.

It came out cheaper for us, as you mentioned, to take the rebate and utilize a low financing rate. I was surprised how many people thought we were foolish to pass on the 0% financing.

It pays to do your calculations....

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (26) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.