If you read the fine print on a car loan that claims zero percent,you will probably find that it is for a period much shorter than the full loan period.

Question

Quizplus · Accepted Answer

This is a common practice in the car industry. The zero percent is usually offered for a promotional period, like the first six months, for example, and then a higher interest rate is applied for the rest of the loan term.

If You Read the Fine Print on a Car Loan