As I said, it depends on the size of the rebate. If it was less than say 2500 you were better off taking the 0%, if it was more, you need to look at both sides. Say the truck was 35000, and a 5000 rebate if you take conventional financing @3% total amount finnaced is 32624.75 including tax and fees, payment is 588.83 with no money down. Your total payments over 60 months would be 35329.80.
Now take same truck at no rebate and 0% financing, total amount financed is 37624.75 with taxes included and no additional money down. payment is 629.07 and over 60 months is 37744.20.
You just cost yourself 2415 by taking 0%
People think 0% is the greatest thing since sliced bread, you have to look at the whole package.
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Kenny
Cincinnati, Oh
1971 Ventura II
400 .060 Eagle Rods
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