How 0% financing can actually cost you more money

I remembered my blog’s password so I decided to make a post.

I always get asked about 0% financing on auto loans, and whether or not they can make sense from a planning perspective even if you have the means to pay cash for a car. I get the thinking, with the opportunity cost, etc. But it always comes as a surprise to people to learn that 0% financing may end up having higher costs than you realize.

This video explains, in detail, what you need to look out for when considering 0% financing offers (or any super low interest rate financing offers, for that matter).

If you haven’t subscribed to my YouTube channel – click here to do just that. I don’t post videos too often. I’m aiming for no more than twice per month right now as a MAX. Content wise, I¬†essentially try to tackle the stuff everyone seems to want taught in schools (about money).

 

Preet Banerjee
Preet Banerjee
...is an independent consultant to the financial services industry and a personal finance commentator. You can learn more about Preet at his personal website and you can click here to follow him on Twitter.
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