Any reasonable 0% deals at the moment

Dr_Crypto

on new cars?
Thinking of buying a new 207/ Clio/ Astra (that sort of think) £10-15k.
If there are any good 0% deals I'm flexible on the model.

Cheers for any MSE pearls of wisdom!

AdrianHi

If you have a 50% deposit Mazda will offer 0% APR on the remainder on a Mazda2 which is similar size to a Clio but holds it's value a lot better so is much cheaper in the long run.
Alternatively buy a used Clio and turn it's higher depreciation to your advantage.
If you wanted Astra size the Mazda3 is also available on the same terms.

JimmyTheWig

Can I suggest you ignore the interest rate and look at the total price you'll pay for the car.

There's no such thing as free credit. The garages don't do these deals to be nice to you. If it's interest free the chances are you're paying for it in the purchase price.

I.e. buy a car for £12k on 0% and it would cost you the same as a car for £10k at 10% car loan interest over two years.

ahillsy

Skoda are still doing 0% finance (50% deposit, over 2 years) as well as having a "VAT-free" deal.

DCFC79

AdrianHi wrote: »

If you have a 50% deposit Mazda will offer 0% APR on the remainder on a Mazda2 which is similar size to a Clio but holds it's value a lot better so is much cheaper in the long run.

after the term do you get to keep the car or do you make a big lumpsum payment

Inactive

JimmyTheWig wrote: »

I.e. buy a car for £12k on 0% and it would cost you the same as a car for £10k at 10% car loan interest over two years.

Indeed, possibly less for a cash sale.

The ( dummy )0% interest rate is always included in the additional price charged.

LandyAndy

AdrianHi wrote: »

If you have a 50% deposit Mazda will offer 0% APR on the remainder on a Mazda2 which is similar size to a Clio but holds it's value a lot better so is much cheaper in the long run.
Alternatively buy a used Clio and turn it's higher depreciation to your advantage.
If you wanted Astra size the Mazda3 is also available on the same terms.

I can recommend the Mazda2

DCFC79 wrote: »

after the term do you get to keep the car or do you make a big lumpsum payment

It's 50% deposit, 50% repayable interest free over 3 years.

I'm currently doing it on a Mazda6.

DCFC79

LandyAndy wrote: »

I can recommend the Mazda2


It's 50% deposit, 50% repayable interest free over 3 years.

I'm currently doing it on a Mazda6.

i was thinking about a mazda as well, it was either that or a polo

is this the offer where you pay 50% up front then pay the rest over a set period "0% APR * Mazda Conditional Sale over 2 or 3 years with minimum 50% deposit required"