Looking for new car on 0% finance

chrissiesh

hi, im looking to buy a new car on 0% finance or a low APR rate. Does anyone know about any good deals on new cars out thre at the mo? Thanks.

bikebarbie

First you should decide (or narrow) the car that you like/want to buy, then you can look for the deal. I wouldnt buy a car solely because it has a 0% finance offer although if it was the car that I wanted because of other variants like reliability/maintenance costs then I'd obviously go for it.
At the moment I think the Focus, Corsa have 0% finance deals going....also brokers offer such deals not just main dealers

property.advert

A 0% deal simply means that the cost of credit is built into the price you pay for the car.

There is no such thing as a free lunch.

You'd think after the 2007 meltdown that people would have worked that out but apparently not.

adamc260

It might not be 0% but I just bought a new Skoda Fabia with NO VAT offer (20% off) and the finance is 2.5% which is really low!

Flyboy152

property.advert wrote: »

A 0% deal simply means that the cost of credit is built into the price you pay for the car.

There is no such thing as a free lunch.

You'd think after the 2007 meltdown that people would have worked that out but apparently not.

Although this can often be the case, it is becoming increasingly common for manufacturers to offer unsubsidised 0% deals. What used to be the normal deal was, the interest cost to the manufacturer was paid for by the dealer, thereby reducing any discounts they could offer. However, it is now more often that the manufacturers are not asking the dealer to subsidise the offer.

With all of that said though, what is most important, is how much the car costs overall. If you can get a great cash price and pay 3% and it works out less than the cash price on a 0% deal, then pay the interest.