0% Car Finance Deals

What is 0% car finance?

Discover the advantages of purchasing a vehicle on 0% Finance. This financing option allows you to spread payments over an extended period of time, without incurring any interest or additional fees. Unlike other finance options, 0% Finance makes owning a vehicle more affordable by eliminating the cost of borrowing. You are essentially just splitting the price of the car into more manageable monthly payments.

It's important to note that 0% Finance is not a standalone finance type, but rather a variation of Personal Contract Purchase or Hire Purchase without the interest. Take advantage of this appealing option, offered in select circumstances, to make your vehicle purchase more feasible.

How does 0% finance work?

If you've been on the market for a new car, chances are you've heard about 0% car financing. At its core, this financing option allows you to purchase a vehicle without having to pay any interest on your loan. Sounds great, right? But how exactly does it work? Essentially, the dealership or lender is willing to forego any interest they would typically charge you in order to entice you to buy a car.

This can be a great option for those who want to save money in the long run and also have the convenience of a monthly payment plan. Just keep in mind that not everyone will qualify for this type of financing, and you'll still need to make sure the car you're considering fits within your budget overall.

Requirements for 0% finance

One of the most significant requirements is having a good credit score, as it indicates to the lender that you're financially responsible and capable of paying back the loan. Another requirement might be a sizeable deposit to offset the risk associated with 0% APR financing, the deposit requirements are set by the manufacturer or lender. Be sure to research and understand the requirements before committing to a deal. If you meet the criteria, you could save thousands of pounds in interest charges and drive away in a brand new car stress-free!

Which finance products are offered with 0%?

Different manufacturers release different 0% deals sporadically. These 0% deals can be applied to either a Hire Purchase or Personal Contract Purchase agreement. The option you pick will depend on what kind of ownership you want.

Contact one of our Swansway dealerships for more information on new car finance and 0% finance offers.