0% finance offers

tw0nk

Saw an ad on tv today for Open Insignia with 0% finance offer, on their website it says in the small print that its for 70% of the price of the vehicle, i.e. 30% must be paid and the rest can be borrowed. I'm pretty amazed at the offer, only recently I was surprised at 5.5% interest offers from other car manufacturers, is it the case that car manufacturers need to offer 0% to sell cars at the moment? You think many others will follow suit?

Anan1

It's only playing with numbers, they more than make their money back by charging full list price on the car itself.

tw0nk

They charge full RRP, true, but many manufacturers are offering 4.5%/5.5% etc and still demanding full RRP. What is the usual rate of discount on a new car? Im guessing most new cars are sold with credit regardless, from banks etc, and I doubt any of those banks offered 0% finance, so you were getting a discount but paying X% for your finance from bank.

MugMugs

They've got the cash and willing to give it to get their money back. Fair play.

Pique

Common as muck in the UK. I'm registered with a Kawasaki dealer up north and am regularly getting emails about 0% deals with 30% deposit on their bikes.

It's about time dealers in the RoI started it.

tw0nk

I think they may have to depending on how sales go in the first 2 months, it would be interesting to compare the UK finance offers to here

galwaytt

Pique wrote: »

Common as muck in the UK. I'm registered with a Kawasaki dealer up north and am regularly getting emails about 0% deals with 30% deposit on their bikes.

It's about time dealers in the RoI started it.

Yeah, I get George White's ones and it's a bit of a sickener tbh. I'd have had bought several if deals were available here.......