Buy an Interest Free Car (Ribbo La'aan)

[Kramer]

Colombus Ohio!

http://www.hiiraan.com/ad/2008/Ohio/Basha-Toyota.html

[AbdiWahab252]

Kramer,

There is never interest free. The guy prolly jacked up the rate to cover the interest spread. Say the Toyota Camry would have cost $17,000 if bought using financing but if you take the 0% financing he charges $20,000. The $3000 is premium that would have been interest.

Look at the 0% financing deals. They give you an option of a rebate or 0% financing. The 0% financing price is higher while the financing price is lower. So you are better off buying the car with financing and paying it off earlier to save on interest.

But as always, excellent post

[Kramer]

abwh they are ones who said its interest free and misleading the ppl, so they will get all the sins of those ppl.
I know alot of them are loan predators and will do anything to make money! but they are some sheikh ones, who pray in the mosque always!