What’s the catch with 84 months 0% APR?

[Bigdawg90]

Pulled the trigger on it today he said it should be ready with Rimguard installed in the rear tires sometime this next week.

I’m super stoked. Pics will follow when it gets here.

 

[shotty]

I always use the banks money with low interest and 0%? Sign me up.

 

[Preacherman]

I have a hospital bill from surgery and they will give me a 15% cash discount to pay it off. That or 0% until paid off. Seems like a no brainer to me. That is of course if I invest the money I'd use to pay off the bill. Either way I choose 0%.

 

[Pstmstr]

I have a hospital bill from surgery and they will give me a 15% cash discount to pay it off. That or 0% until paid off. Seems like a no brainer to me. That is of course if I invest the money I'd use to pay off the bill. Either way I choose 0%.

Depends on the amount and amount of time they give you at 0%.

 

[CHenry]

There's always a catch when financing.
Pay cash and avoid the debt would be my advice.

 

[Pstmstr]

There's always a catch when financing.
Pay cash and avoid the debt would be my advice.

But Clay, it’s only 0% and you can make so much more investing the cash you have. Or so the math says until you find yourself in debt with those minimum 0% payments you wish you didn’t have. A lot of people work it so it’s fine. Others, not so much.

 

[CHenry]

But Clay, it’s only 0% and you can make so much more investing the cash you have. Or so the math says until you find yourself in debt with those minimum 0% payments you wish you didn’t have. A lot of people work it so it’s fine. Others, not so much.

And if God forbid your unable to work from an accident or health issue, and make those strapping debt payments. This is very very common.
No one factors in the risk and the risk is 100%

 

[OK Corgi Rancher]

Wow! "No one factors in the risk" of getting a 0% loan? That's just amazing.

 

[KOPBET]

Where are all the Dave Ramsey wannabes that aren't chiming in on this?

 

[CHenry]

Wow! "No one factors in the risk" of getting a 0% loan? That's just amazing.

That 0% will revert to 20% or higher if your 1 day late paying the balance.
That is usually in the fine print, and they charge deferred interest back to day 1.
Why does anyone need a loan, it just means your too broke to buy something you want...
The borrower is a slave to the lender.