Car Loan 0% Interest Free

Mark_petty

Hi

I'm thinking about getting a new or a fairly new car just wandered what companies are offering a 0% finance deal?

I've heard that Mazda are doing a 0% deal but I can't find any info on there site, i'm fairly interested in the new mazda 6.

Also within the next year I should be getting a lump sum do you know whether its possible to pay off the outstanding loan or part of it?

Thanks for your help

Walletwatch

Mark_petty wrote:

Hi

I'm thinking about getting a new or a fairly new car just wandered what companies are offering a 0% finance deal?

I've heard that Mazda are doing a 0% deal but I can't find any info on there site, i'm fairly interested in the new mazda 6.

Also within the next year I should be getting a lump sum do you know whether its possible to pay off the outstanding loan or part of it?

Thanks for your help

The 0% deals offered by car dealers / automobile cos would often be subject to bargaining provided you pay cash down and don't avail of the loan. A suggestion is to check out that avenue, and if you manage to drive the car price down, finance your car through a 0% credit card, credit score permitting.

Of course, do remember that the risk you take is that come the end of your 0% offer, you should be in a position to either repay the full advance, or avail of any other 0% BT card (assuming they are still on offer then)

Mark_petty

Thanks for the reply

To be honest I don't fancy putting such a large amount on a credit card.
I have a good credit rating so getting a loan shouldn't be a problem.

At the weekend i'm going to go to a few garages to see what 0% deals they have on. From looking on the web I have noticed that the 0% finance deals are mainly on the top end high spec cars such as the civic type r etc.
I'm in no rush so I will take my time and look around for the best deal.

Thanks again

Woby_Tide

Vauxhall have some offers with 0% finance(or alternatively they have some at 6% interest but they pay up to £2.5k towards a deposit so some number crunching is required to see what is best deal)

rich_5

Don't know what you think of them, but Seat are doing 0% deals at moment. Definitely on the Seat Ibiza Sport and I believe on other models too. What Car of the Year a few times!!!