0% Interest Isn’t Always the Best Deal
What's REALLY the best Deal for you?
If you’re in the market for a new vehicle, you may be enticed by offers of 0% financing from the dealerships. It might sound like a fantastic deal, but 0% interest isn’t always the best option to save you money in the long term. Before making a decision, do a quick cost analysis on your options for financing your new vehicle. Use our handy loan comparison calculator yourself, or call our loan department. We are happy to help you compare the numbers on payments and overall costs.
Fibre Family Member Jackie recently went car shopping and the dealership suggested their appealing 0% interest offer. However, she also had the offer of a healthy rebate for the vehicle she wanted. If she took advantage of 0% interest, the rebate amount was significantly reduced. Jackie consulted us before making a decision. After making a few calculations, our loan officer discovered Jackie would pay less over the life of the loan by choosing the full rebate and a low-rate auto loan with us. In the end, Jackie bought the car she wanted and saved money on the deal.
Every car shopping experience is different, but it’s always smart to do a bit of price comparison before making a final decision. No matter what financing decision you make for your next car, we’re here to help you make the most of your money and find the best deal for your budget.