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I'm getting a car...and I need help

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I'm getting a car...and I need help

Old 09-24-04, 09:04 PM
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I'm getting a car...and I need help

I'm looking to find either a brand new car or a certified used car that I can get for(and here is the catch) 0% interest and 0 down! I have Excellent credit if you care to know, so I would qualify if something did come up. I am really looking at any car that I can get for $15, 000 or less at this deal. Since every car is a depreciable asset, I don't see the sense in spending thousands of dollars just so I can feel, "right on time". If anyone has some advice or knows anywhere where I might be able to get this kind of a rate, could you please let me know. Thanks!

Dalvin
Old 09-24-04, 09:22 PM
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Supposedly GM is going to have a 0% apr for 72 months deal for 3 days next week on 2004s.
Old 09-24-04, 09:27 PM
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Fine, but how much are those GM's and do you put any money down. I would assume the GM costs more than $15,000 in which case I'm not interested
Old 09-25-04, 12:10 PM
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I'm giving this one a bump
Old 09-25-04, 12:30 PM
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i doubt you'll be able to find a car for 0 down and 0% interest, but i havent looked
Old 09-25-04, 12:39 PM
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Try your local newspaper.

American manufacturers are desperate.
Old 09-25-04, 12:47 PM
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If you buy a new car, just know that the sticker price is likely not the final price you will be paying. Be sure to ask the dealer what other costs will be involved to know what price range to be looking in. Also ask about warranty and other "extras" that you might be needing.
Old 09-25-04, 01:06 PM
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doesn't 0% down/0% interest usually mean a slightly higher price?
Old 09-25-04, 01:09 PM
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Originally posted by D.Pham00
doesn't 0% down/0% interest usually mean a slightly higher price?
I would say that if you do not understand how this type of promotion works then you should have it explained until you are satisfied.
Old 09-25-04, 01:14 PM
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Originally posted by Brian Shannon
I would say that if you do not understand how this type of promotion works then you should have it explained until you are satisfied.
well, i've paid for all my cars in cash, so i'm not too familar with it, but i seem to rember something like 0% interest or X cash back or something like that...
Old 09-25-04, 01:25 PM
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Originally posted by Dalvin
Fine, but how much are those GM's and do you put any money down. I would assume the GM costs more than $15,000 in which case I'm not interested
Well, you don't have much new in that price range. A few Kias, maybe a Chevy Cavalier, but not much else. It might be better to first pick the cars you want, then compare deals.

And if you're so interested in depreciation, why not look at something older but reliable, like a Volvo. Honda, or Toyota? If you want to talk about depriciation, look at the first year (or 15 minutes really) of a new car.

The big advantage of buying new is getting the exact car you want, but in that price range, you're not going to have many options other than color.

The big advantages of buying ceritified preowned are that you get preferrential treatment at the dealership for repairs, you know that you're buying a good car and not a lemon, and you usually get an extended warranty. However, you're going to pay $2000 or more over the typical used car value for those benefits.

If you're in such bad shape financially that you need a 0/0 loan or you can't afford anything, then maybe you want to wait.
Old 09-25-04, 06:10 PM
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For 15k you can buy a new Scion tC. You get a great sporty car and toyota reliability.
MSRP is about 16k so even if you end up financing $1k it won't really matter what rate you get since it's so little. How long does it take you to save the extra $1k? You could wait a little and buy it outright.

IF you're willing to spend a little more check out the Mazda 3. You can get the sporty "s" version for under $17k.
Old 09-25-04, 06:40 PM
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Originally posted by Einsatz
IF you're willing to spend a little more check out the Mazda 3. You can get the sporty "s" version for under $17k.
A friend of mine was looking at those. She said she had a hard time finding any 3's on the lot for under $20,000 (and the dealors were very reluctant to bargain because they sell so well). At first I thought she was confused and looking at 6's, but she told me she was positive they were 3's.
Old 09-25-04, 06:48 PM
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The MSRP of a 3-S model is 17K.
Old 09-25-04, 06:54 PM
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Half price.
Old 09-25-04, 09:02 PM
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Originally posted by matta
A friend of mine was looking at those. She said she had a hard time finding any 3's on the lot for under $20,000 (and the dealors were very reluctant to bargain because they sell so well). At first I thought she was confused and looking at 6's, but she told me she was positive they were 3's.
I test drove a 3s back in June for kicks and sat down to talk number with the salesman... With the sunroof, abs, xenon lights, navigation and everything you can get as an option except leather, it came out around 21k. And that was without him even going to "ask his manager" if they could go lower.
This was at the Mazda dealership off Rt. 1 in Alexandria.

Last edited by Einsatz; 09-25-04 at 09:04 PM.
Old 09-25-04, 09:09 PM
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Prices bottom out in Nov - hang on that long and you should save a ton on a new 04.
Old 09-27-04, 09:01 AM
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Originally posted by D.Pham00
well, i've paid for all my cars in cash, so i'm not too familar with it, but i seem to rember something like 0% interest or X cash back or something like that...
I'm also reasonably sure that's how it works, so that us cash buyers get something also.

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