Jump to main content

News & Promotions

Rebates vs. 0% Financing

Looking for the best rate to finance the purchase of your vehicle can seem like a minefield of choices.

How does rate factor into a monthly payment that is both affordable and reasonable?
Let’s look at what is often the most desirable rate: 0% financing. Who can beat zero?
One may think 0% is the best available option and question why anyone would want to pay anything above a rate of 0%?

Here are some important factors to strongly consider:

  • 0% is offered only to consumers with the very best credit history.
  • 0% forces you to choose between the rate or the rebate; you cannot have both. In MANY cases, you are better off taking the rebate. We can run a comparison of the rebate to the interest paid on a vehicle loan.
  • 0% is generally available on short-term loans.
  • 0% is often used for slow-selling models that have trouble selling or are in stock.
  • 0% may have hidden application or prepayment fees that further reduce savings.

If you are still not sure which is the right option for you, please contact a Loan Specialist, and we will gladly assist you in finding the right fit.