Comments on: Cash Back Rebate or 0% Financing? http://www.beatingbroke.com/cash-back-rebate-or-0-financing/ Personal Finance from the Broke Perspective Thu, 09 Feb 2012 05:28:27 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Afford-Anything.comhttp://www.beatingbroke.com/cash-back-rebate-or-0-financing/#comment-8957 Afford-Anything.com Mon, 14 Mar 2011 21:55:02 +0000 http://www.beatingbroke.com/?p=254#comment-8957 I'd ... well, I'd never finance a car.But if I HAD to finance a car, I'd do the cash-back option, because even if your interest rate is 0%, you're required to have full-coverage insurance (that means insuring the full, non-depreciated value of the car) throughout the life of the loan.Assuming you'd buy a cheaper insurance package when your loan is over ... it adds to your incentive to get that loan paid off! I’d … well, I’d never finance a car.

But if I HAD to finance a car, I’d do the cash-back option, because even if your interest rate is 0%, you’re required to have full-coverage insurance (that means insuring the full, non-depreciated value of the car) throughout the life of the loan.

Assuming you’d buy a cheaper insurance package when your loan is over … it adds to your incentive to get that loan paid off!
Afford-Anything.com recently posted..If I Had a Million Dollars- I’d Go Into Debt

]]> By: myfinancialobjectiveshttp://www.beatingbroke.com/cash-back-rebate-or-0-financing/#comment-398 myfinancialobjectives Sun, 14 Mar 2010 23:02:36 +0000 http://www.beatingbroke.com/?p=254#comment-398 I'd take the cash, use it as an additional down payment like you said, then make extra payments every month, like you said. I hate having debt, so I'd probably pay extra on the loan even if it was 0%, for example, I'm paying extra on my Best Buy debt right now, even though its at 0% for 18 months! I’d take the cash, use it as an additional down payment like you said, then make extra payments every month, like you said. I hate having debt, so I’d probably pay extra on the loan even if it was 0%, for example, I’m paying extra on my Best Buy debt right now, even though its at 0% for 18 months!

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