How about $0 down 0% interest?

[skidoofast]

With EV tax incentives gone and everyone in an uproar about slates price in mid $20s

what if $0 down 0% for 72 months

here’s what interest would be at 9% if vehicle came in at $29k with extended battery

 

[Letas]

Seems… unlikely

 

[Letas]

Let me expand on this more. Slate will more than likely offer financing through a third party- they don’t have the capital to do in-house financing. To get 0% interest, they would have to buy down the rate, to account for the loss to the lender.

Would be better for literally everyone just lowering the price

 

[skidoofast]

Seems… unlikely

Probably correct, Slate will likely be in a position that they need every $$ coming in so as stated by Letas they will likely use 3rd party allowing them to get paid day1

I guess we will see, I’m hoping to have 1/2 down anyhow

 

[metroshot]

If it's anything like Amazon style, I can see short term 0% financing like their current Amazon business invoicing (pay by invoice).

For long term, they will use other companies for financing or leasing banks as Amazon partners with: Chase Amazon Prime Visa and American Express Prime Business cards.....

I use all three methods depending on when invoice are due....

 

[Letas]

If it's anything like Amazon style, I can see short term 0% financing like their current Amazon business invoicing (pay by invoice).

For long term, they will use other companies for financing or leasing banks as Amazon partners with: Chase Amazon Prime Visa and American Express Prime Business cards.....

I use all three methods depending on when invoice are due....

I wish I could pin it on the top of every thread. This company isn’t Amazon. Bezos invested seed money. We don’t know his involvement but it is NOT that high

 

[E90400K]

Isn't auto loan interest tax deductible now?

 

[Letas]

Isn't auto loan interest tax deductible now?

Seems to be, yes.

Per this site. ( I didn't validate info or anything. Was just curious on details)

But not every buyer or vehicle will qualify.

• To qualify, the car must be new and assembled in the United States — a rule some industry manufacturers say would exclude many popular imports. (Think popular models from Honda, Hyundai, Nissan, and Toyota.)
• The deduction will be limited to $10,000 per year and eliminated for individuals earning more than $100,000 or couples making over $200,000. So, higher-income households would see less benefit.
• The deduction will apply to cars purchased after December 31, 2024, and only if the vehicle is assembled in the U.S. The tax break is temporary, available each year from 2025 to 2028.

Also states that you do not need to itemize to receive this deduction

 

[BahamaTodd]

Sell direct on Amazon Autos with free 2-day delivery? 🤔😂

 

[1yeliab_sufur1]

Seems to be, yes.

Per this site. ( I didn't validate info or anything. Was just curious on details)

Also states that you do not need to itemize to receive this deduction

Yay for once I’m slightly glad I’m Poor

 

[Adam W]

Isn't auto loan interest tax deductible now?

Correct me if I'm wrong, but you still have to pay the auto loan interest. The deduction is so that you're not paying income tax on the interest amount. It's just a reduction of your taxable income. In reality, this is only a savings of 20 - 30% of the interest, depending on your tax bracket.

 

[skidoofast]

Correct me if I'm wrong, but you still have to pay the auto loan interest. The deduction is so that you're not paying income tax on the interest amount. It's just a reduction of your taxable income. In reality, this is only a savings of 20 - 30% of the interest, depending on your tax bracket.

That’s how I think it is also, so $10,000 in interest might save you $2k