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pokeyman
Nov 26, 2006

That elephant ate my entire platoon.

PittTheElder posted:

Maybe this is more of a general finance question, but does anyone happen to know of a calculator to tell what the value of a dealer zero percent finance loan actually is? I'm sure I could write one myself in excel or something but :effort:

I'm trying to evaluate the difference in taking a new car at zero percent, vs a two year older used for a few thousand less (which would probably have to be a cash buy, since as near as I can tell no bank offers low interest car loans around here :canada:).

Another part of this calculation is your opportunity cost of paying up front. If you kept that money for a year or two, what would it earn if you e.g. invested it as retirement savings?

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pokeyman
Nov 26, 2006

That elephant ate my entire platoon.
I want to say thank you to this thread, askers and answerers both. I still know approximately nothing about cars, but reading a few dozen pages of posts for a week answered just about all the questions I came up with (and added several I wouldn't have thought to ask). All y'all are wise and generous with your time, and I appreciate it!

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