Good deal or not so good?

"Turbineguy: Nom de Zoom" (will-alib) 11/23/2019 at 22:47 • Filed to: None

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A local VW dealer is advertising 6 year 0% financing on the Arteon. Considering the car has a 6 year 72k warranty is this a good deal? 

CB > Turbineguy: Nom de Zoom 11/23/2019 at 23:03

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Depends how much you like the Arteon.

facw > Turbineguy: Nom de Zoom 11/23/2019 at 23:10

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I mean 6 year 0% financing is good, and a 6 year warranty is good, but is the Arteon worth what they are asking? And if it is, are they offering a rebate alternative to the financing if you bring your own?

Nibby > Turbineguy: Nom de Zoom 11/23/2019 at 23:12

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just buy a hyundai excel

Under_Score > Turbineguy: Nom de Zoom 11/23/2019 at 23:18

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It depends. A price that appears higher with no interest will probably be cheaper than a lower price with interest over the years.

CompactLuxuryFan > Turbineguy: Nom de Zoom 11/24/2019 at 00:48

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I’m guessing depreciation on the Arteon will be nothing short of catastrophic. If you really like them,  can get the price way down (and I mean like Passat levels), and aren’t gonna be bummed about the depreciation, 0% is just icing on the cake. It definitely wouldn’t sway me into the car if I wasn’t already thinking about it. 

Dogsatemypants > Turbineguy: Nom de Zoom 11/24/2019 at 01:02

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I would say, if you can pay it off and sell it in 3 years good deal.  By the end of the loan the car will have depreciated a Lot.

It is a vw... a new platform which (because vw) will likely have..... issues.

pip bip - choose Corrour > Nibby 11/24/2019 at 04:45

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much better option

Nibby > pip bip - choose Corrour 11/24/2019 at 08:41

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quite

Thomas Donohue > Dogsatemypants 11/24/2019 at 10:47

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Isn’t it based on the MQB platform? Hardly new and has proven to be pretty good. Also, this is the last model year for the VW 6 year warranty.

Turbineguy: Nom de Zoom > CompactLuxuryFan 11/24/2019 at 13:26

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I wouldn’t worry about depreciation. I know its value will tank, but as long as it’s a reliable car with no-cost financing and warranty coverage for the entire finance period does stretching the loan to 6 years make sense? 

Turbineguy: Nom de Zoom > Dogsatemypants 11/24/2019 at 13:32

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What’s the point of paying off the note 3 years early if they’re offering 0% financing? Normally I’d stay away from 6 year financing, but if it’s free money and the warranty covers the whole finance period is it worth the longer finance term?

CompactLuxuryFan > Turbineguy: Nom de Zoom 11/24/2019 at 13:58

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Oh, yeah. If you’re asking about the loan and not the car, at 0% financing for as long as possible, putting as little as possible down, and paying it off as slowly as possible makes sense, regardless of how long the warranty is.  The key part is what you’re doing with the money you’re not putting down or spending on payments and interest. In order to come out ahead, you have to invest it or at least hold on to it. If you’re treating it as extra money to spend freely, you’ll just be making your financial position worse in the long run. 

Dogsatemypants > Turbineguy: Nom de Zoom 11/24/2019 at 14:10

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Idk, i feel like they aren’t that great a deal for the money. I would pay off in half the time to sell while it still holds a high resale value.