@GrandBay wrote:@Horseshoez why are you against AZEO & what do you recommend?
My personal observations suggest there is no benefit between AZEO and AZET (All Zero Except Two [or even Three for that matter]); others will argue the opposite. Regardless, micromanaging a number of cards so as to hit AZEO is a pain in the hind parts; I'd much rather use my cards and pay them (in full) when convenient; following this model takes much less time out of my schedule and typically results in the same scores.
@VanderSnoot wrote:
@Horseshoez wrote:You can certainly have both, arrange for financing from a credit union, case in point, PenFed is currently offering 1.79% for up to 36 months; use PenFed's financing AND collect the rebate.
Depending on the dealer and the car, the low financing offered by the dealer may be as low as 0%, which you cannot get elsewhere. I agree that if one is financing a car, one should shop for the lowest rate.
The thing is, opting for a rebate of pretty much anything over $1,000 (for most cars) and then financing via a credit union will result in more cash in your pocket versus even a 0% financing offer. I'm looking at a $45,000 car next year (a car which will have virtually no rebates at all), if I put down 10% and finance it for 36 months at 1.79%, I'll pay $1,127 in interest for the life of the loan. If a rebate were to be offered, so much the better, however, typically when there are no rebates, there are no 0% financing offers either.
