For example -
Option 1 gives you $30,000 auto loan with 0% interest rate for 3 years
Option 2 gives you $30,000 auto loan with 0.9% interest rate for 5 years
Which option is better?
Is zero percent auto loan always the best option?
The key could hinge on your cost of money (the annual discount rate in the calculator below).
Run our auto loan financing calculator below to compare by yourself.