Low and Interest Free Loans.Low Rate Car Finance Options

January 2, 2020

Bought to you by:   www.loans123.com.au     www.wacars.com.au     Steve Sell 18/07/2019   

 Low and Interest Free Loans , 0%, 1%  Low Rate Car Finance Options.


Low and Interest Free Loans. They Often Seem Too Good to be True.              

Vehicle manufacturers offer Low and Interest Free Loans to increase sales.

Often low and interest free loans are only available for car buyers that meet strict criteria and have strong, proven credit histories.

Low and interest free also known a 0% finance and other low rate offers sound awesome, these offers may not be as good as they sound.

Explaining How Low and Interest Free loans Work.

I will explain some of the issues with these offers and how they work.

  1. Low and interst free  loan offers get people into showrooms.

2. The offer usually applies to a certain range of models. Often run out models.

3.  Not every car is eligible.

4. Finance terms are often for a limited number of years and a deposit is required. So a residual payment could also be part                of the offer and you must meet their credit criteria. Check what the total repayments will be. This should be done no matter                   what interest rate has been quoted.

5.  The dealer and/or the manufacturer will not discount the recommended retail price and will request the full retail price.                        There is often no ability for you to negotiate the price. Check with the dealer if the price of the car is negotiable or is the                           interest rate tied to the price of the car. You’ll soon know if low rate deal is tied to the retail price.

6.  Dealers will often negotiate harder to pay you less for your trade.

7.  This means that you may not be able to upgrade to a better model or upgrade the features on your new car and still retain the                special finance deal.

8.  Finance terms may be inflexible. The terms are set by the manufacturer.

9.  Check for fees. Establishment fee. A fee charged by the financier to set up your car loan. Origination Fee. A  fee                  charged by the dealer and is negotiable. Monthly payment fees. These are ongoing fees you are charged on a monthly basis                    and vary from lender to lender. Early repayment or termination fee. If you repay your loan before the full term is up, you                      may be charged a penalty by the financier. Make sure that you always make your payments on time to avoid damaging your                  credit rating and incurring additional fees.

10.  Read the fine print in the conditions.

Not all the Low and Interest Free Loans 0%, 1% and other low rate deals are bad or won’t work for you.

Do your homework and check them out first.

Call 1800 100 100 Steve Sell or Neil Pollard.