No Stupid Questions
No such thing. Ask away!
!nostupidquestions is a community dedicated to being helpful and answering each others' questions on various topics.
The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:
Rules (interactive)
Rule 1- All posts must be legitimate questions. All post titles must include a question.
All posts must be legitimate questions, and all post titles must include a question. Questions that are joke or trolling questions, memes, song lyrics as title, etc. are not allowed here. See Rule 6 for all exceptions.
Rule 2- Your question subject cannot be illegal or NSFW material.
Your question subject cannot be illegal or NSFW material. You will be warned first, banned second.
Rule 3- Do not seek mental, medical and professional help here.
Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.
Rule 4- No self promotion or upvote-farming of any kind.
That's it.
Rule 5- No baiting or sealioning or promoting an agenda.
Questions which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.
Rule 6- Regarding META posts and joke questions.
Provided it is about the community itself, you may post non-question posts using the [META] tag on your post title.
On fridays, you are allowed to post meme and troll questions, on the condition that it's in text format only, and conforms with our other rules. These posts MUST include the [NSQ Friday] tag in their title.
If you post a serious question on friday and are looking only for legitimate answers, then please include the [Serious] tag on your post. Irrelevant replies will then be removed by moderators.
Rule 7- You can't intentionally annoy, mock, or harass other members.
If you intentionally annoy, mock, harass, or discriminate against any individual member, you will be removed.
Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.
Rule 8- All comments should try to stay relevant to their parent content.
Rule 9- Reposts from other platforms are not allowed.
Let everyone have their own content.
Rule 10- Majority of bots aren't allowed to participate here.
Credits
Our breathtaking icon was bestowed upon us by @Cevilia!
The greatest banner of all time: by @TheOneWithTheHair!
view the rest of the comments
I see, and I hope I'm not coming off as patronizing or anything; however, what happens at the end of the 6 years if you fail to pay everything back? From my understanding of 0% interest loans (which I'm not a particularly financially savy person), if it's not paid back by the end of that time (6 years in this case) you'll most likely receive huge penalties. Not only to your credit score, but also to your wallet since you'll probably be required to pay back much more at that point. Maybe you don't make regular monthly payments, and there are no immediate penalties, but at the end of those 6 years you'll still owe what's left. I'd rather make a bunch of $350 payments than one $12.5k payment. Unless you could afford that, I just don't think most people can ¯\_(ツ)_/¯
I just think staying in your current payment plan would be best. No matter what, you'd have saved at least $350 for your car each month, you might as well just pay it as it goes. Don't pay it of too early it anything, but do what you can to reach that end goal. I could be wrong, but I doubt a car dealership would give out an untimed, pay whenever you want loan to somebody. Most dealers are out to make money and giving somebody a loan like that wouldn't do them any favors. Even if you have good credit.
Then I'd keep that up. Sounds like you're doing great!
With 0% interest there's no incentive to pay it off any sooner but that also means that if you aren't paying sooner you aren't getting any penalty.
Instead, you can literally do anything else you want with the extra money you might have otherwise spent on paying off the loan early. You can invest it or just stick it in a savings account since those are pretty high-yield right now.
In today's high-interest financing environment, having a low interest loan around is practically an asset; take full advantage of it because it's going to be a minute before we see cars again being sold at 0% interest (unless car companies get super desperate)