Welcome to Saving Money with Andrew! These days it seems like every purchase, big or small, comes with an offer of 0% financing, allowing you to pay off the item over time without any interest charge. Over 80% of auto sales in the US are financed,[1] and at least 9% of all e-commerce transactions use some form of financing.[2] For example, if you buy on Amazon using an Amazon credit card (and many others), you’ll usually receive a 0% financing offer with payment due in six months.
Should You Take 0% Financing On Purchases?
Should You Take 0% Financing On Purchases?
Should You Take 0% Financing On Purchases?
Welcome to Saving Money with Andrew! These days it seems like every purchase, big or small, comes with an offer of 0% financing, allowing you to pay off the item over time without any interest charge. Over 80% of auto sales in the US are financed,[1] and at least 9% of all e-commerce transactions use some form of financing.[2] For example, if you buy on Amazon using an Amazon credit card (and many others), you’ll usually receive a 0% financing offer with payment due in six months.