Vauxhall Gmac Plan 0%

beliskner84

Hi I just bought a new car and just want to clarify something, I have been told that I can make extra payments on my car to either lower my monthly payments or shorten my term either option does not incur charges, just want to know if this is actually right thank you.

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I don't know the exact terms of your finance, but usually this is the case.
However, on a 0% deal, you are better off putting that extra cash somewhere that will earn interest, and paying the normal payments out of that money, as you will keep the interest.

With todays pitiful interest rates, it hardly seems worth the bother, you could invest in something that makes money hand over fist, like online gambling (not gamble: buy shares in the business) payday loan companies, 99p shops etc.

beliskner84

Did just ring them, Yeh can pay extra and either lower payments or take payments off, and no charge which is good.

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But there is no advantage, as it is a 0% deal, you are not saving anything, and they don't care one way or the other. (They had their cut when they inflated the price of the car to cover the finance interest & fees.