📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Any 0% finance on used car purchase?

Options
desperadoV2
desperadoV2 Posts: 106 Forumite
edited 20 January 2014 at 5:32PM in Motoring
Official MSE Insert:

If you've arrived from Google, our fully researched Personal Loan or Best 0% Credit Card guides may be helpful.

Back to the original post...


Hello all,

Does anyone know any used car dealers who offer 1 or 2 year 0% finance for used car sales with an option to repay in full to avoid heavy interest?

please let me know.

thanks

Comments

  • itn
    itn Posts: 94 Forumite
    hi mate, my mates used these guys before:

    http://www.interestfree4cars.com/index.asp
  • plane_boy2000
    plane_boy2000 Posts: 1,482 Forumite
    There is no benefit in 0% on used cars as they will always load the price somewhere else. Whats your budget - there may be some deals that would suit you on new stuff?

    If you really want a used car then a best buy loan may work out cheaper as long as you do your research
  • desperadoV2
    desperadoV2 Posts: 106 Forumite
    There is no benefit in 0% on used cars as they will always load the price somewhere else. Whats your budget - there may be some deals that would suit you on new stuff?

    If you really want a used car then a best buy loan may work out cheaper as long as you do your research

    My budget is about 6K. I'm looking for a hatchback with big boot(ie. ford mondeo or vw passat or toyota avensis etc).

    I didn't want a seperate loan and then buy a car. I was hoping to buy a car from a dealer on 0% finance for 1 year and then after 11 months I will pay the balance in full. I already have 6K but didn't want to spend all the money in one go because we are expecting baby soon and I want some money left in saving account. So I will save 6K over 12 months and close the 0% finance. That's the plan.
  • Woby_Tide
    Woby_Tide Posts: 5,344 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    would a 12 month 0% credit card not be a better solution? I did that in the past rather than get into the murky world of the car finance companies
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.