Nov 12 2008
Can a Zero Interest New Auto Loan Increase the Cost of a New Car?
Yes, if your car dealer is the middleman for another finance company. The reason is that the points the dealers lose on low or no interest loans they will make up for by raising the price of your car to MSRP and or adding all kinds of lame fee’s, etc. If your zero interest auto loan is offered by the car manufacturer then it won’t cost you any extra points. Obviously that rule only applies to zero interest car loans. Anything else and you’re fair game.
Of course that doesn’t mean the salesperson won’t try and squeeze you for more money somewhere else during the deal!
