Who wouldn't finance the whole purchase if you have 0%? That's just throwing money away!

 

I'd rather avoid having a monthly payment.

0% over the course of the next few years may sound enticing but I wouldn't want to put myself in that kind of financial commitment, especially in this economy.

 

Putting down $30K+ into a depreciating asset is also a commitment in my opinion. If you are financed you technically can walk away, with a sizable ding on your credit history of course.

I do agree there is wisdom in saving first and buying what you can afford. But that's hardly the American way...

 

Someone who has cash in the bank is always deciding whether he/she can make more by leaving it invested or by paying off debt. I think everyone finds 0% offers appealing, doesn't matter how much cash you have.

I had the misfortune of buying during the (apparently brief) period that it wasn't available. lol.

 

What's even funnier is when someone like Mercedes Benz offers financing "deals" for 36 months, "hmm let's see, $100K over 36 months equals a monthly payment of.......", now that's funny stuff

 

I agree. Cash is king. Whenever you're in a position to borrow money for free you're better off. Financing the entire purchase with no money down is the best option. If you're concerned about a high monthly payment 60 months would assist in making the payments rather manageable.

 

Ha yeah me too. 2 months after buying the ralliart they put out the 0%. Lets just say I wasn't too happy.

 

well my misfortune took place less than 24 hours driving the car off the dealership's lot. i was extremely pissed that they didn't offer/tell me the deals they were about to post on some forums when i was there negotiating. the dealer have decided to offer some great offers the morning after i took delivery. the difference in my monthly payment vs. the deal they posted is about 2-tank full of gas. bad case of mis-timing? i think not.

 

Woowwwwww. dude I would have been so pissed lol. Eh at least you have an evo and not a ralliart though

 

Bummer about the bad timing. I can't think of a single dealer that would inform a potential customer of an upcoming promotion though, especially if you are willing to ink a deal that day. Dealerships are ruthless. Only thing you can do is arm yourself with information.

 

glad i got my x in june. 41k fully loaded gsr + only paid 37k, for it + an ok downpayment + traded in my 1.8t, + 0% for 60 months=459 a month, saweeeeet p.s. and thanks to the 2008 lancer to win safety awards because that also makes my insurance payment nice

 

very nice deal!


They've extended the 2010 0% to the middle of Jan 2010 today. I'm excited. Hoping to pick one up at 0% if I can find one.

 

I just wish they would up it to 60 months instead of 36 months. I am waiting for the longer term myself.

 

Eventually, it'll get there. Evo sales won't be bursting anytime soon and neither are Mitsubishi sales in general here in the states.

I am actually interested in 36 month loans right now because I've spent over 75% of my savings for the down payment to my house and I really just want to pay off the car as soon as I can to eliminate future financial burdens in 5 years. With 0%, it's a screaming deal (even better at 48 and 60) and like others pointed out - my savings will definitely earned more interest than that.

 

0% for 60 months... I might have to do that. 0% for 36 months... so close.. so close.