Depends on when you do them and what the stipulations are. When I bought my car (January 2017) Chevy was offering 0% on 2016s. Since I was very specific about getting a Fifty SS Convertible, it had to be a 2017. The dealer couldn't give me 0%, so I told him I'd order the car and pay cash for it when it came. He really wanted to make the deal that day (Jan. 31st) so he proposed "what if I can make your actual payment the same as if you bought it at 0% at GM Discount price?" That's what they wound up doing. They reduced the price so that buying it at 2% over 6 years was the same payment as buying at the unreduced price at 0%. So rather than shell out $50k out of my pocket, I took their 2% money and let my money keep earning at the same 2.5 - 5% that it's been earning at.I'm stunned at the replies here of people paying interest on their loans.
Ya'll know Ford does 0% on Mustangs in the fall, right?
I have often thought about paying it off early, but as long as my money is earning more than 2% sitting where it is, I'm $$ ahead.I always take the discount plus my negotiation over any 0 percent interest program. I then finance through USAA 1-2% and pay off early. Next...
I agree with all of the above statements made in the chain, but if they really don't need a car, who can blame them? Performance driving will always be alive as a hobby, no matter what form it takes. Nothing will be able to take the place of our previous generations experiences and what has been passed down. If those people really don't want those cars, then let them live in their own fragment of society; more for cars and parts for us to tune mod and trade. One thing is clear though, if you're a V8 gearhead, buy your 5.0 now... cause it aint gonna be around for much longer. Possibly invest in 2 crate engines as back up to keep these classics alive. Yes I say there classics already because its a miracle these cars even came back as they are thanks to modern technology. Poor maro is already on its way out and there have been whispers dodge is finally changing direction as well.When I grew up, people saw Mustangs as cool cars and many still do. Now there are many recent immigrants who don't care about cars, never grew up with a car culture and may have had more existential concerns than to be interested in cars..plus, im beginning to see a LOT of Americans that seem look at muscle cars, generally with disdain.. Different world for sure.
Camaro is actively polling current owners about potential powertrain options for next gen, including hybrid and electric. The head of powertrain at FCA and their performance chief (Tim Kuniskis) have both said that FCA is focused on leading the domestic brands in electrification and that even performance vehicles will be electrified (not electric....electrified). I personally spoke with Tim Kuniskis and when he said that, I asked him if that meant Hemi would be electrified. He said "yes". He went on to say that "electrification is the new fuel injection". What he meant by that was when cars started to change from carburators to fuel injection in the mid-80s, there were a lot of people who expected that this would only apply to expensive cars. Now everything is fuel injected. Soon everything will have electric motor assist. Camaro and Challenger are more likely to be around than not. And that's a GOOD thing for Mustang. Steel sharpens steel.I agree with all of the above statements made in the chain, but if they really don't need a car, who can blame them? Performance driving will always be alive as a hobby, no matter what form it takes. Nothing will be able to take the place of our previous generations experiences and what has been passed down. If those people really don't want those cars, then let them live in their own fragment of society; more for cars and parts for us to tune mod and trade. One thing is clear though, if you're a V8 gearhead, buy your 5.0 now... cause it aint gonna be around for much longer. Possibly invest in 2 crate engines as back up to keep these classics alive. Yes I say there classics already because its a miracle these cars even came back as they are thanks to modern technology. Poor maro is already on its way out and there have been whispers dodge is finally changing direction as well.
how do I get in on this action?Camaro is actively polling current owners about potential powertrain options for next gen, including hybrid and electric.
If only we could slip a pamphlet introducing the novel new metal known as aluminum under the door of the Ford chassis department.Steel sharpens steel.
In Soviet Russia, you don't go to the polls, the polls come to you.how do I get in on this action?
Link to C6G thread where a member posted part of the survey. Looks to me like they're trying to figure out how to price a hybrid and/or EV relative to a V8 with similar performance metrics.how do I get in on this action?.
I doubt it's really all that hard to do. Drive the generator off the crank either side by side or in-line with trans, 30-40kw pack, perhaps augmented with super-capacitor bank, and 100-150kw (120-200hp) worth of motors. In super-cruise or low speed start/stop use the battery. For everything else use ICE. Ford et. al. already have the "instant" start/stop engine control logic on the F150 and perhaps elsewhere.FCA is focused on leading the domestic brands in electrification
They know all about it. They're using up their whole allotment on F150.how do I get in on this action?
If only we could slip a pamphlet introducing the novel new metal known as aluminum under the door of the Ford chassis department.
For 3 year loans sure.... Some can't afford that kind of payment even with no interest. In the rare event that they do offer 0% for longer terms it's incredibly difficult to qualify and the dealers are usually unwilling to work with you on price much. (Not to mention the fact that 0% eliminates any other incentives available)I'm stunned at the replies here of people paying interest on their loans.
Ya'll know Ford does 0% on Mustangs in the fall, right?
IDK about the dealerships you work with, but mine gave me around $7K+ off the car, every bit of my trade-in value (I had to stand-up and start to walk out, they initially offered far less), and 0% for 72 months. And FYI, only Toyota and Ford credit offer a true 0%, where the interest is built into the price of the car.For 3 year loans sure.... Some can't afford that kind of payment even with no interest. In the rare event that they do offer 0% for longer terms it's incredibly difficult to qualify and the dealers are usually unwilling to work with you on price much. (Not to mention the fact that 0% eliminates any other incentives available)
VA dealers must be very different from Maryland dealers because my experience has been the opposite even with excellent credit.IDK about the dealerships you work with, but mine gave me around $7K+ off the car, every bit of my trade-in value (I had to stand-up and start to walk out, they initially offered far less), and 0% for 72 months. And FYI, only Toyota and Ford credit offer a true 0%, where the interest is built into the price of the car.
And I had bruised credit. Still, no problems. Easy peasy.