0% Interest Car Finance - The deal may not be as good as it sounds.

February 18, 2016 by Marcela Pidcock

0% Interest Car Finance - The deal may not be as good as it sounds!

Buying a car is exciting, and we know how important it is to get a great deal on car finance. 

Don't accept the finance solution available at your car dealership before looking at all of your options first. 

That is why we want you to know exactly what is involved with 0% interest finance - it could see you paying a lot more for your car than necessary. 

A 0% interest deal can sound great, but scratch the surface and the deal may not be so generous after all. Here is why:

• 0% interest finance deals are a type of subvention agreement - the cost of the finance is already loaded into the car sales price
• This gives you much less opportunity to negotiate on the price of the car
• You could end up paying more for your car than if you buy without dealer finance 

As your Mortgage Choice brokers, we have access to a range of lenders who provide competitively priced vehicle finance and we can even help you secure pre-approved finance to help you drive the best possible deal on your purchase.

Car loan pre-approval puts you in the driver's seat for your next car!

We can work with you to secure a car loan pre-approval, giving you peace of mind knowing your finance is sorted.

 By securing car loan pre-approval:

• You will know how much you can afford to spend on your next car
• This puts you in a great position to negotiate on price and drive a great deal, no matter whether you are buying through a registered car dealer or a private sale
• When you have found the car you would like to buy, we will liaise with the lender and arrange for the funds to be drawn and payment made
• Then you are ready to hit the road!

For expert help securing a great deal on your next car purchase, please talk to us today!