You’ve probably heard about car dealerships offering customers incredible zero-percent financing deals; however, you’ve been warned that there may be some disadvantages to taking this financing route. So who do you believe, those who are warning about potential pitfalls, or your stomach that’s churning in excitement at that thought of zero-percent interest?
There’s no doubt that having to pay no interest is very impressive. However, there are some potential disadvantages associated with accepting zero-percent financing as well:
The key to working with zero-percent financing is understanding the fine print and knowing your financial status so that you know for sure what you’re getting doing and if a zero-percent financing plan is feasible for you.