The Zero-Percent Financing Myth
Why we don’t offer “zero-percent financing”People often ask if they can finance their certified pre-owned vehicle with a zero percent interest loan. The answer, unfortunately, is no, and this can cause some potential buyers to look elsewhere for their vehicles This is because we’ve all become accustomed to hearing about the “zero-percent financing” or zero-percent interest loans advertised by new car dealerships that are designed to persuade potential buyers to purchase from them. The truth is, independent certified pre-owned and used auto dealerships like Krietz Auto simply can’t offer zero-percent financing. Zero-percent financing is only offered by the finance arm of major automotive manufacturers like GM or Honda and is paid for or subsidized by those car companies. These companies offer zero-percent financing, as well as rebates to entice buyers to shop at their dealerships over small or independent dealerships like ours. But will you be getting a better deal when you take their offer? Not necessarily. For one thing, it is difficult to qualify for zero-percent financing. Although this offer is well advertised, only buyers we a near unblemished credit history will qualify. It is also only offered on a limited number of models, this means no option to customize, and limits to available trims and option packages. There are also many benefits to buying a certified pre-owned vehicle over a new vehicle from a manufacturer dealership:
Lower Overall Price, But Guaranteed Quality
Less Cost Depreciation
Extended Warranty Protection
Also, although you can’t get zero-percent financing, you’ll often still be able to get a great interest rate when you work with an independent dealership. Our company works with many reputable banks, such as Capital One, Wells Fargo and BB&T and credit unions like Bull Dog Federal Credit Union. Krietz Auto does its best to help every customer, regardless of credit history, find a way to affordability finance the vehicle they want.
Ready to get started on your car-buying journey? Take a look at our current inventory of Certified Pre-Owned vehicles or stop by our showroom in downtown Frederick, Maryland.