52+ 0 Percent Car Finance Pics. A zero percent loan is often advertised as one of the best deals you can get when you're buying a new car. Sometimes you'll see an automaker offer a choice of cash back or zero percent new car financing.
This means you can finance a new vehicle purchase, and 100% of your monthly payment will go toward the principal balance of the loan—there are no interest charges whatsoever. Car dealers usually offer 0% financing on new cars. Consumers obviously love these deals because it results in a much lower car payment.
In august 2017, for example, 14.6 percent of car deals were financed with.
Zero percent financing means you don't pay interest on an auto loan. If you have the cash to buy a car outright, you might be better off taking advantage of bonus cash incentives rather than zero percent financing. When you borrow money to purchase a vehicle notoriously, zero percent financing isn't an option for people with bad or even average credit; Consumers obviously love these deals because it results in a much lower car payment.