When many of us think of interest, our thoughts go to credit cards and high interest rates. While compound interest can, indeed, be problematic, the truth is that, like so much in the financial world, interest can be a millstone or a tool.
I recently wrote a post discussing whether it is best to get a new or used car. One astute commenter got me thinking about car loans, and zero percent financing in general. If you do it the right way, you can rule 0% financing to come out on top.