FFirst and foremost, there is no such thing as 0% financing. The difference between the lenders buy rate and 0% is paid upfront by the manufacturer of the new vehicle. This payment is almost always in lieu of a rebate which the consumer has elected not to take for the 0% rate.
This decision by the consumer to forgo the rebate is a big mistake and can be likened to "fools gold". Immediately, you have placed yourself with a higher loan balance which places you in a poorer equity position. You may even have to provide yourself with GAP (guaranteed asset protection) insurance because of your poorer equity position by not electing to take the rebate.
Advertising is very powerful and meant to attract your attention. Always know the best rate you can obtain from sources like MyTrueAutoRate.com and use the rebate to put you in a better equity position.
Don't be fooled by 0%. Instead make the better decision and the best choice regardless of the payment variance. By making a higher payment than what is due monthly, you can avoid finance charges and payoff your vehicle faster and always be in an equity position. In the long run you will come out better.
Negotiating with an auto dealer can be frustrating even when you're armed with as much information that's available. What's becomes more difficult is the method used by auto dealers to give you options called a " menu presentation". This presentation has multiple monthly payments with various yearly terms and down payments. Even the most seasoned negotiator can't be sure they are receiving their best deal with their best rate and best monthly payment. At My True Auto Rate, we will work on your behalf directly with a choice of auto dealers to insure you get the best deal you deserve regardless of you credit situation. Unlike many other web-sites, there is no fee for our service which makes your buying experience easy and enjoyable.