-Source: pixel2013 | Pixabay
Car dealerships seem to be almost everywhere, trying to sell you the latest, shiniest, freshest smelling new vehicle! Once in a while, they’ll try to entice you with the “Buy now with 0% APR” deals. Since I’ve never bought a new car myself, a part of me was thinking, Hmmm, 0% sounds pretty good… How bad could a decision of this caliber really be? After all, 0% is mathematically a much better rate than one of those super high-interest quick loans of 30% or 40%. So it should win by default, doesn’t it? And no one in their right mind would finance a new car with a high-interest loan…Because that would be crazy, right???
Thankfully, car dealerships are here to save the day by offering 0% APR because they’re on “our” (their) side and looking out for “our” (their) best interests…
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