What is 0% finance?
If you’re looking to buy your next car on finance, you may have seen deals that offer 0% finance
. These can be great deals, but make sure you check out exactly what the offer is and read the Terms and Conditions before you agree to any deal.
How does 0% finance work?
0% finance deals let buyers spread the cost of their new car, with no interest added to the payments.
Can everyone get 0% finance?
You may have to meet the relevant qualifying criteria to get a 0% deal in the first place, this could depend on having a good credit profile. You may also have to put down a larger deposit than you would with other finance deals.
Check the small print
Make sure you fully understand all the conditions of the offer before you sign anything, including what happens if you miss a payment.
If you don’t qualify for 0% with one Dealer, then check other deals available. Additional fees may be included in some deals so do a valuation check before committing to a higher interest rate.