Finding 0% Finance Offers
Discussion
No to a central site to find them, but Vauxhall are doing 0% over 5 years, no deposit
https://www.vauxhall.co.uk/5-years-0-per-cent-apr....
https://www.vauxhall.co.uk/5-years-0-per-cent-apr....
ninepoint2 said:
Any zero% rate will have non competitive prices I guess, another tax on the terminally gullible..so go on then!!
That’s pretty presumptuous. Please don’t tell me you’re another “you bought on finance therefore you can’t afford it” vigilante.
A colleague bought a BMW on 0% finance back in March. He also got over 30% off list....
I looked at a 5 series in the summer on 0%. They were offering around 20% off list in addition.
I was told explicitly that the finance rate was set as an offer by BMW themselves, it had nothing to do with the dealer. The dealer then negotiated the purchase price as a separate factor.
The list price they offered was the same on 0% finance or when the 0% offer expired a few days later.
LarsG said:
Keep your eyes peeled for Jennings Motor group in South Shields, every few months they do 0% deals.
If thats on new cars, then it would be through the manufacturer, so should be avail across all of the dealer network.If its on used cars, they're funding it themselves somehow, so their cars might be more expensive to cover it.
jas xjr said:
Does 0 percent mean list price? Might it be cheaper to find a better price via a broker and a bank loan. Or take dealer finance and pay it off in order to obtain manufacturers support?
I only buy bargain basement cars so have zero experience in this market.
No, 0% on a new car is usually on top of all other discounts available. As has been said BMW were doing it on the three series recently and there were still 30% discounts available on top of that.I only buy bargain basement cars so have zero experience in this market.
Edited by Deep Thought on Tuesday 8th January 10:32
SEAT currently doing 0% across most of their range. Headline discount not as good as their 6.5% rate as there is no 'contribution' from SEAT. However, the dealers are still offering some discount (there's also a £500 SEAT funded discount). The zero rate more than offsets the contribution due to the lack of interest to pay.
tallpaul26 said:
SEAT currently doing 0% across most of their range. Headline discount not as good as their 6.5% rate as there is no 'contribution' from SEAT. However, the dealers are still offering some discount (there's also a £500 SEAT funded discount). The zero rate more than offsets the contribution due to the lack of interest to pay.
Yes, from Drive the Deal's website -"The quoted prices include a £2,750 deposit contribution which is conditional upon you taking out PCP finance at 6.5% APR Representative over 18 to 48 months with a 0% - 30% deposit arranged by the dealer. If you do not wish to take out this finance, then you are entitled to a £2,500 Registration support in lieu of the deposit contribution shown above. Please add £250 to the discounted price shown, if you are looking to pay cash.
Seat are also marketing PCP finance at 0% APR Representative over 18 to 48 months with a 10% minimum deposit. However, you will lose some of the discount quoted if you take this finance product instead of either Cash purchase or 6.5% APR PCP finance."
Worth playing with figures there to see which works out best.
Deep Thought said:
tallpaul26 said:
SEAT currently doing 0% across most of their range. Headline discount not as good as their 6.5% rate as there is no 'contribution' from SEAT. However, the dealers are still offering some discount (there's also a £500 SEAT funded discount). The zero rate more than offsets the contribution due to the lack of interest to pay.
Yes, from Drive the Deal's website -"The quoted prices include a £2,750 deposit contribution which is conditional upon you taking out PCP finance at 6.5% APR Representative over 18 to 48 months with a 0% - 30% deposit arranged by the dealer. If you do not wish to take out this finance, then you are entitled to a £2,500 Registration support in lieu of the deposit contribution shown above. Please add £250 to the discounted price shown, if you are looking to pay cash.
Seat are also marketing PCP finance at 0% APR Representative over 18 to 48 months with a 10% minimum deposit. However, you will lose some of the discount quoted if you take this finance product instead of either Cash purchase or 6.5% APR PCP finance."
Worth playing with figures there to see which works out best.
PCP, with the same deposit was £370ish a month.
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