Hire Purchase Vehicle at 0% APR Plan?

chris1012

Just seen the new Alpha Romeo Giulietta on a 0% APR Plan for 3 years.

I was wondering if anyone else has gone through a 0% finance plan before on a car and how it works/worth it?

I was hoping to get a fairly new used 2nd hand car (depreciation value when buying new just doesn't seem to cut it for me) but it has to be on a finance plan with 0% interest.

If anyone knows any websites for more info or which car companies sell cars on such a plan, it would be really useful.

Many Thanks

withabix

You won't get one on a 2nd hand car (except possibly on a significantly overpriced car).

0% deals are available on new cars, (largely on deals funded by the manufacturer) and the 'interest' is recovered through the retail price of the car and the lack of discount.

forgotmyname

0% finance usually requires a large deposit also. Anything from 25 - 75%.

motorguy

chris1012 wrote: »

Just seen the new Alpha Romeo Giulietta on a 0% APR Plan for 3 years.

I was wondering if anyone else has gone through a 0% finance plan before on a car and how it works/worth it?

I was hoping to get a fairly new used 2nd hand car (depreciation value when buying new just doesn't seem to cut it for me) but it has to be on a finance plan with 0% interest.

If anyone knows any websites for more info or which car companies sell cars on such a plan, it would be really useful.

Many Thanks

As others have said, if a used car is being sold with 0% finance then chances are its built in to an over inflated price in the first place - SOMEBODY has to pay the interest charges - on new cars thats usually the manufacturer supporting their car on the market, however on used cars its the supplying dealer.

Oh, and its ALFA btw.