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No. of Recommendations: 1
It's pretty simple with a 0% loan. Take amount of loan and put cash you would have used in bank account. Set up bill pay to make monthly automatic payments. Never touch bank account for anything else.


Perfectly understandable and Easy McCheesy.

But I thought the whole reason to borrowing cheap money even when you don't need to was so that your own cash could be earning something decent for you during the loan term. If you're only going to stick it into a regular bank account to facilitate auto-pay, then what's the point? Might as well just pay the cash for the car up front and erase all that Easy McCheesy trouble.

Depending upon the value of said car and maybe some other personal factors, that might free you up from carrying full coverage insurance too.

xtn
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