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No, I understand it perfectly, but apparently, you do not.
If the current rate for borrowed money is 4%, why would you get a 1.9% loan for a car?
The answer to the above question is important, and it appears that you probably don't know what the answer is.
What if the current rate is 10%? Or 50%?
Why make up numbers?
Rates aren't set in stone. It's all in what you can negotiate.
When purchasing a new car people pay close to the same amount. Within a few hundred dollars in most cases. Again splitting hairs on such a large purchase.
Still losing focus, however. People aren't "poor" because they finance/pay interest on a new car. It's a minimal part of the car purchase decision.
Rates aren't set in stone. It's all in what you can negotiate.
When purchasing a new car people pay close to the same amount. Within a few hundred dollars in most cases. Again splitting hairs on such a large purchase.
Still losing focus, however. People aren't "poor" because they finance/pay interest on a new car. It's a minimal part of the car purchase decision.
So, you choose to not answer the question. It's not hard to know why.
Do you believe that Toyota would lend you money at 0% if you weren't buying an Avalon?
What's the difference. I'm buying a car without paying interest. And why would Toyota lend me anything besides buying one of their cars . I don't think they have any interest in lending me money to buy a lawnmower
At the end of the day I loaned $20k and end up paying that same amount. No weird amount of math will change that fact.
I never listened to DR but I will say that the last car we financed was a new '97 Accord and we put down half of the purchase price. It was paid off in 2 years. The others cars were with cash and it was a great feeling. The thought of a 6 year car loan is just scary to me. I do agree with what others have posted about DR in that living debt free is a great feeling. Especially with no house payments or car payments or credit card balances.
So, you choose to not answer the question. It's not hard to know why.
To be frank I'm not even sure what you are trying to infer. Is it that manufacturers will overprice their cars on the low finance offers? I really can't follow what you are trying to say.
Who cares? Again, still if you look at the big picture stuff, ie "what is the total cost of purchasing this car?".
What costs you more? Buying a Land Rover at 0% or a Yaris at 4%?
Nobody is going broke buying the Yaris. In one year you'd lose more on the Land Rover than the Yaris costs new. Including interest.
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. I don't think they have any interest in lending me money to buy a lawnmower
