I had thought about doing that but the 0.74 vs the 1.9% rates was just too tempting. If I could get longer terms on 0.74, I would do it. Hell, I would do a 10 year loan at that pace because even my measly 1% saving rate at local bank would make more money than I'm paying. I couldn't find any rates lower than the 1.9% for 5 years so I decided to bite the bullet on the 3 years at 0.74. I have some 3% CD's maturing in November. Probably just pay my daughter's Jeep off to give me extra room on payments "if needed" (as I certainly won't pay extra on the 0.74% as it would cost me money).

 

It really depends. When its a promotional financing deal a lot of times it does benefit the customer. Lexus routinely has 1.9% or even 0.9% for 60 months.