4 Answers
Sometimes youi can get a no interest loan from retail merchants if that is what you're looking to do. These 'no interest' loans or 0% is always with a hook, you miss one payment you might see an interest rate jump to 22.9 % overnight and the only way to get out of it is to pay it off immediately. There is never free anything. and on many differed or ~0%~ loans the sale price of the product is higher than if you paid cash, reason is that the retail dealer pays the finance company for the loan- Retail purchases these special rates. And they do collect it back. Some people need to understand that they are not getting a deal. Just get a standard 'low interest' loan from your own bank or loan company, that way you will get the sale price lower as well.
11 years ago. Rating: 3 | |