Timeline for For a car, what scams can be plotted with 0% financing vs rebate?
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Dec 25, 2014 at 2:18 | comment | added | chili555 | I'd also consider the loss of use of the $21,000 for three years. | |
| Dec 25, 2014 at 1:45 | comment | added | Navin | @User58220 You calculated the APY. | |
| Dec 24, 2014 at 20:36 | comment | added | DJohnM | APR is often ambiguous. I raised (1+1.10%) to the 12th power for the effective annual rate; you multiplied by 12 (I think) to get the nominal annual rate, compounded monthly... | |
| Dec 24, 2014 at 18:51 | comment | added | Ben Miller | +1 This is a great way to explain it. However, when I calculate the APR, I get 13.2%. Either way, it is certainly not a free loan. | |
| Dec 24, 2014 at 18:37 | history | answered | DJohnM | CC BY-SA 3.0 |