Car sales adverts with "0.0% finanzierung"

I've seen some ads for cars with this text "0.0 % finanzierung" .
Can somebody tell me what this really means?
Thanks!

i am not sure but i think it means that you don't have to put down any of your own money. ie 10% your cash, 90% is the loan.
it has nothing do to with the interest rate.

no, it has everything to do with the interest rate. 0% finance means you pay no interest on the loan amount. You are often required to make a hefty down payment on 0% financing deals.

Now that you said that... what I was thinking looks way too good to be true.

I hope you are wright because I would take such a loan even if I will have to pay about 50% of the car price from the begining.

It doesn't matter a toss who is right here. Just ask the people selling the vehicle in question. Go straight to the source and ask the horse!

I am certain but you can easily check by looking at the wording. Mazda, for example, are currently offering "Ab 0,0% effektiver Jahreszins mit der Mazda MultiOption-Finanzierung". If the offer talks about "0% effektiver Jahreszins" then it means zero percent interest on the loan. If it means no downpayment it will say something like "Keine Anzahlung".

Edit: Sometimes these special offers leave you with a residual loan amount at the end of the term, often neat to the residual value of the car. You then have the option of financing this amount (again) and keeping the car or handing the car back to pay off the outstanding loan, or paying off the amount in cash.

I have NEVER heard of downpayments being talked of as "0% financing" and I work in this field.

Thanks for the info. And as a coincidence I'm thinking to buy a Mazda 3 Sport.

This car should cost about €11,500 standard. Anything more than that is covering the cost of 0% financing and paying a bonus to the sales people.
GMAC did this 0% thing, but they wouldn't go low on sale price and they wouldn't go high on trade-ins. The money has to be made somewhere!

be careful what you sign up to with Mazda, since it states "ab 0%", i.e. FROM 0%. They also leave you with a residual loan amount.

do you actually know anything about the list prices of Mazda's eurovol or are you talking out of your arse again?

Why not use a quantitative proof?

http://www.mazda.de/Showroom/Mazda3/

yes, this is usally the down-side of those offers: if you would pay cash (even by taking up a loan from a bank) you can get the price down for the car somewhere between 8-15 %, depending on brand and type of car. The 0.0 % interest rate however is always based on the list price and that means the car-bank earns its money from not giving you the dicsount other buyers will get. It is a bit of a mathematical game to see, which way you will do best. Enjoy the maths

Cheerio,
Pat

Actually, whether you can get an additional discount on top of the financing depends on a lot of other factors. It is not unheard of for car manufacturers to double subsidise, like for example offering a trade-in bonus on top of the financing. And it also depends on what incentives the manufacturer is currently offering to dealers which Joe Public never sees (like sales target bonuses, registration bonuses etc.) It might also be that at the time you go into the sales room, the dealer is one car away from making his monthly or quarterly (or even annual) targets and the sales of your car might be worth tens of thousands to him in the form of bonuses.

So to make a sweeping statement like that, Starshollow, is simply inaccurate.

Fuck you and the horse you rode in on. Go search the prices yourself and not just the European market. Here, I will give you some help since you are obviously handicapped: http://consumerguideauto.howstuffworks.com...7-mazda-3-2.htm

eurovol, what the fuck use will it do for him to know how much a car costs in the US? Even if he was stupid enough to go to the effort to buy one there, he'd still have to pay import duties on it, so it wouldn't be cheaper in the end.

Be a sensible chappie for once and try and look at the facts. The base model of the car quoted costs over €15k here in Europe.

Unlike you, i actually have an inkling about how this shit works and NO car manufacturer will give you nigh on 30% discount off list (which is what your price quote roughly works out as) except for a used car or perhaps an ooccasional run out of a really bad model.

Here is the maths, just for you Eurovol: List price Mazda 3 Sport € 15.800. Price you quoted €11.500. Discount would be €4.300 or 27% off list.

Actually, Eurovol is not too far off
check out mobile.de, prices on a 2007 Mazda 3 Sport range from 12.899€ to 26.690€, median is around 17.500€
depends on the engine, from 84ps to 260ps (don't know if Bhp is the same, probably not since the brits never get the units right).
Get a seller on a good day and maybe, just maybe, you can get away with under 12 grand.

http://www.mobile.de/SIDFXAWleu-j7SxlIgIEn...p;doSearch.y=10

So according to those numbers, on average he's about 50% of his quoted price off the mark, yeah?


Funny

Standard in American speak is nothing extra! Nothing. It is the lowest priced package available for a particular model. When I guestimated my price, I had looked at US, UK and DE markets. I roughly calculated as a buyer what I could confidently negotiate with as possibly the lowest price a seller would/could go. If they can go that low, then in my mind that is the price it should cost in the first place. The first to be negotiated is the sellers commission followed by the dealers followed by nothing really. As OG said, the seller or the dealer could be on the verge of manufacturer bonuses and then hell, you might get it for 10.5k. My Mazda was listed at 20k dealer and 18k manufacturer. We bought it with 2.5k worth of add-ons for just over 12k with no trade-in so don't give me shit about the bloated prices in the car industry.

Are you saying you bought a brand new car for nearly half price? Would you come with me to the BMW dealer next year, 'cos I want one of those new 3 series cabrios and at the moment they are way out of my price range, but with a 40% dicount I'm in with a chance!

Villager, those prices "from 12,899" are mostly for "Tageszulassungen" ie pre-registered cars. They may have zero mileage but if you buy, you are the second registered owner not the first.

I can't be bothered to reply to eurovol cos he's quite obviously been caught bullshitting and is now just trying to blah blah blah his way out.

Not only that, but they are not close to Munich - presumably they are cross-border imports too. If you restrict the search to 100Km around Munich prices start at €14799

Oh shit, the prices are already dropping. Next thing you know, they will be down to 11.5k plus the bonus to the salesperson and the cost of 0% financing.


Yes I did and no I won't. Ask OG because that may just run close to his employee discount price. I hear it is pretty good because it wouldn't do having BMW employees all driving around in Mercedes or Mazdas now would it?

As I suspected your postings are completely irrelevent to the topic. You drive a 14 year old car that you bought over from America and try to make some sort of comparison to new car someone wants to buy in Germany. The others are right, you're talking bullshit.

again, you show how little you know. Employees don't get anywhere near 40% discount on new vehicles. And any discount given is taxed so the actual discount is even less.