Zero Down on Auto Loans
September 1st, 2011
One can’t help but notice catchy advertisements offering zero down payment schemes for Auto Loans. Yes, this is possible. Although it won’t be applicable to most consumers, those who have really great credit scores can avail of zero down payment on auto loans. However, a borrower qualified for no down payment plan would also have to consider the length of time it will take to cover such a payment scheme as well as the rate of interest given to them. It may sound tempting, but in the long run, a zero down payment plan will cost you more money on interest because it will take that much longer to pay off.
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