A question regarding interest free loan

Mark7799

Nationwide credit cards currently offering 0% for 9 months on purchases. IF the garage takes credit cards and IF you can get a high enough limit (I've assumed you'ree buying from a garage)

gtz101

no, its from private. I don't have nationwide credit card. Do you know any other companies (excluding credit card companies that offer similiar deal?

jonesMUFCforever

gtz101 wrote:

Yeah. Its like if you can settle the full amount in x number of months, theres no interest.

NO the interest will continue to accrue (max 4 months) and then you have to start repaying capital and interest.

Emmzi

gtz101 wrote:

no, its from private. I don't have nationwide credit card. Do you know any other companies (excluding credit card companies that offer similiar deal?

Zero per cent deals are usually funded by the car sales company. They lose something on the interest, but make up for it with a higher price on the car.

If you are buying a car privately i.e. from an individual, then the individual will not be able to offer the same type of deal.

Other than zero % credit cards, I do not know of any way to fund what you propose without paying interest.

I would suggest you look for a lona at the lowest rate of interest you can find.