What You Should Know About 0% APR Car Deals

What You Should Know About 0% APR Car Deals

With the average monthly payment for new cars over $725 and used around $516, according to Experian data from the first quarter of 2023, finding a bargain is top of mind. And signing off on a 0 percent APR car deal is one way to save money on your next car purchase.

Numerous automakers offer interest-free auto loans to attract new, well-qualified customers and sell more vehicles. However, when shopping for a new vehicle, you should always proceed with caution, even if a zero APR offer is on the table. In some instances, getting an auto loan from an outside

Leasing vs. Buying a New Car

Leasing vs.  Buying a New Car

As attractive as a lease may appear, there are a number of drawbacks:

• In the end, leasing usually costs you more than an equivalent loan because you’re paying for the car during the time when it is most rapidly depreciating.

• If you lease one car after another, monthly payments go on forever. By contrast, the longer you keep a vehicle after the loan is paid off, the more value you get out of it. Over the long term, the cheapest way to drive is to buy a car and keep it until it’s uneconomical to repair.

• Lease

Best EV Lease And Financing Deals In May 2023

Best EV Lease And Financing Deals In May 2023

It seems EV lease and financing deals are already improving notably in 2023. That said, it might be safe to assume that most deals will never go back to the way they were before the pandemic. At any rate, if you’re going to buy or lease an EV this year, at least you’ll be appreciated of what manufacturers are advertising promotions.

While some brands haven’t yet published their manufacturer-sponsored leasing and financing offers this month, we like to get this article out as soon as deals begin to publish. It’s our hope that you can use this article to get

Don’t Count on a Comeback for Mullen (MULN) Stock

Don’t Count on a Comeback for Mullen (MULN) Stock
MULN stock - Don't Count on a Comeback for Mullen (MULN) Stock

Source: Ringo Chiu / Shutterstock.com

As our trusty authors have covered in detail, electric vehicle (EV) manufacturer Mullen Automotive (NASDAQ:MULN) just received what looks like a $110 million bailout. However, it’s an awfully filmy lifeline for an automaker that’s in deep financial trouble. If you’re waiting around for MULN stock to recover, don’t hold your breath. It’s entirely possible that Mullen Automotive will be delisted by the end of this year.

Mullen Automotive already has to compete with the likes of Tesla (NASDAQ:TSLA), an EV industry giant. Tesla has brand-name recognition and is taking proactive steps