One of the most common promotions offered to consumers when purchasing a new vehicle is 0 % financing. In simple terms, this allows the buyer to borrow the full amount for the purchase of the vehicle without paying interest. So if the vehicle costs $ 30,000 and that you finance at 0 % for 60 months, you will pay $ ...
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2017 J.D. Power Canadian Auto Lenders Study Reveals BMW Financial Services as #1
From January through February 2017, approximately 3,750 finance provider evaluations took place across two segments from new-vehicle dealerships in Canada. The study has been designed to evaluate auto lenders in two categories. The first category being captive, where lender that is owned by a or is directly affiliated with a manufacturer. The second category is non-captive where an independent lending ...
Read More »Understanding 0% financing
If you are looking for a new car, you already know that financing offers differ significantly from one manufacturer to another. But you also know that it is possible to obtain favorable interest rates, especially at this time of year. An interest rate that seems to keep coming back is that the famous 0%. The period over which the loan ...
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