What is the Deal with 0 Down Payment and 0 Interest Car Purchases?

[StSienna]

This 0 down payment and 0 interest car purchase is merely a gimmick proposed by merchants to attract customers. Considerations for 0 down payment and 0 interest car purchases: 1. Car price: Merchants will add interest and various fees, resulting in a higher price for cars that were originally cheaper. 2. Interest-free period: Currently, many car purchases offer an interest-free period of around 1-3 years, after which the interest rate increases significantly. 3. Handling fees: This is a common tactic used by many merchants. After completing a 0 down payment and 0 interest car loan, various down payment fees will start to be charged, such as car insurance and GPS installation.