“Super quick, I got lots of offers. All I had to do was choose which one! I went with Wisr because they were the cheapest. Thanks” - Angela
0% finance or 1% finance means you make repayments on your loan amount without paying interest, or paying what seems to be a very small amount.
Sounds too good to be true? That’s because generally it is.
Compare the purchase price of the vehicle to make sure it hasn’t been inflated.
This tactic is even sneakier because it is guaranteeing a lump-sum payment of your interest charges and other fees to the dealership.
Dealerships will offer 0% car loans for two main reasons:
As mentioned above, significant commissions are often attached to these car loans, and this means the total repayment including fees and interest charges, often represent poor value to borrowers compared to applying with a bank or finance broker.
If you’ve seen these “special promotional offers” on vehicles from a dealership, make sure you do your research before committing.
Don’t be lured in by a smooth-talking salesman without crunching the numbers yourself and looking at the fine print of your agreement.
You think you’re saving money, but the truth is that it is costing you more than you would pay with an independent finance arrangement.
Likely, 0% or 1% car finance will not be the best deal.
Get matched with real loan offers from up to 11 lenders, all at once.
We show you the best interest rates and repayments from each lender you match with
The rates are based on who you are and where you are at in life
No obligations, just the facts, make an informed choice
There are no middlemen, marked up pricing or broker fees. (We get paid by the lender)
Just like when you use a dating app or go to a broker, we use your answers to show you real lenders, real rates and actual repayments across all our lenders that you’re eligible for; without any broker fees or marked up interest rates.