How it works
A car installment plan splits the price (minus your down payment) into equal monthly payments. At 0% interest it's a simple division; otherwise it uses the standard equal-installment loan formula. Stretching the term lowers your monthly bill but raises total interest.
FAQ
Q. Is 0% financing really the best deal?
A. With no interest, your monthly payment is simply the principal divided by the term — but compare against any cash-discount offer to see which is truly cheaper overall.
Q. How much does a bigger down payment help?
A. It shrinks the principal directly, lowering both your monthly payment and total interest — always worth doing if you have the cash.