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market-farming - Re: [Market-farming] "new" vehicle

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Subject: Market Farming

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  • From: Andy Fellenz <fellenz AT fltg.net>
  • To: Market Farming <market-farming AT lists.ibiblio.org>
  • Subject: Re: [Market-farming] "new" vehicle
  • Date: Sat, 21 Feb 2009 20:21:12 -0500




Also, can anyone advise me on the logistics of putting a large purchase on
new 0% interest credit cards?



Thank you.



Beth Spaugh
    
You will typically pay a 3% or more fee on the money you are borrowing and the term of the 0% loan is often less than 6 months.  At the end of the 0% term, the interest rate will go to whatever the default rate is on the card account.  If you do this, you also want to make sure that you use a card that will not be used for any other charges as your payments are usually applied to the lowest interest rate balances first.
  

Andy



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