End of 3 year contract

noClue

sorted lol
sorted lol
sorted lol
sorted lol
sorted lol
sorted lol
sorted lol
sorted lol
sorted lol
sorted lol

AdrianC

Why would anybody lend you money, and not expect to receive any interest in return?

neilmcl

They're not going to offer you an interest free loan to pay off the finance. Your options are simple; make the final payment and keep the car or hand the car back and walk away. The finance provider may allow you to extend the finance but if you have the money and want the car then just pay off the balloon.

noClue

AdrianC said:

Why would anybody lend you money, and not expect to receive any interest in return?

lol it's not uncommon, I just bought something big and paying 0% interest hence asking.

noClue

neilmcl said:

They're not going to offer you an interest free loan to pay off the finance. Your options are simple; make the final payment and keep the car or hand the car back and walk away. The finance provider may allow you to extend the finance but if you have the money and want the car then just pay off the balloon.

cool, guess I will just buy the car

neilmcl

noClue said:

AdrianC said:

Why would anybody lend you money, and not expect to receive any interest in return?

lol it's not uncommon, I just bought something big and paying 0% interest hence asking.

Yes, you've just bought something and the fact that you were offered 0% interest would've been factored into the price of the item you purchased. Here, you're simply looking for a loan, the dealer/finance provider have absolutely zero incentive to give you money for no actual return. You can understand the difference right?

Scrapit

Where you getting a 0% loan? Maybe 0% purchase interest credit card but not a loan.

Scrapit

also you should let Martin know, the best he has on MSE is 2.8%.

noClue

oh shoot thats my bad. i meant 0% interest financing not loan lol

noClue

Scrapit said:

also you should let Martin know, the best he has on MSE is 2.8%.

is this car financing interest?

Mercdriver

noClue said:

oh shoot thats my bad. i meant 0% interest financing not loan lol

You can get 0% financing on deals on new cars and occasionally on used cars - I just finished a 3 year 0% conditional sale.  You won't get a 0% loan to keep the car you have now.