Was talking to a salesmanager for a GM dealer the other day and he was saying how all gm products including the corvette are available now at 0% financing for 60 months. I figured he was exagerating but just saw an ad on T.V. saying that every single gm product was available at this deal including saab with no execptions. I wish Honda would do this.

 

ack! do you know what time it is? it's time for z06!

 

It's been that way for a while.

Still you can do better buying a used 02 for 38-40.

 

$2,000 cash back alternative on '03 Z06's as well.

 

The way I was looking at it is this for example: Say you want to buy a car that is 30k. You are able to pay cash for it so if you do it that way the 30k is gone and that's it. With 0% financing you get a 5 year loan invest the 30k at say 4% that's 1200 a year in interest. If you finance the whole 30k that comes out to $500.00 per month. With the 1200 a year in interest you can make almost 2.5 payments per year. So in addition to the 0% rate you are also getting 6000.00 off the 30k in interest that is being paid to you by your investment.

 

Time Value of Money (TVM) calculations are important, but you've oversimplified.

First, don't forget that you can not simply put the $30K in a 60 month CD, because you will need that money spread over five years to pay off the loan, even at zero interest. The total interest you will recieve is about half the amount you have listed. Assuming you could get someone to pay you 4% interest on a declining balance, about $3480.

Secondly, if you "pay" upfront the $30K, then take the $2K cash back you get and invest it for five years at your presumed intrest rate, it is worth $2,441 at the end of five years.

So over five years, with the parameters you have described, the total TVM of the 0% interest option is about $1,000 better than just taking the $2,00 rebate.

 

still doesn't wanna make me get one... a corvette is a corvette is a corvette.

Do I respect it ? I do.... to buy one? not in my lifetime...

 

I looked at the Z06 6 months ago before I got my S2000.

They had $3K off AND 0% for 48 months. I would try very hard to get BOTH if I were looking. I mean they are building more than they can sell. Resale value is not great for the vette because they are dealing on the new ones. NOTE: the anniversary models may not be able to deal because they are only making like 4,000 units or something like that.

 

Hahaha, Honda does'nt need to do this to sell their cars. My wife recently purchased a new Accord with 2.9% from AHM on 60mos. I'd rather pay 2.9% interest on a bank note than 0% interest on a GM.

 

too bad they don't do 0% financing on the H2...