With the onset of New Year, we have been inundated with 0% Interest Rate Offers. Though they sound very tempting, it is important to remember that there is NO such thing as a FREE Lunch. A careful assessment is required as these offers usually come with Hidden Costs.

The following MUST be considered while assessing such Offers :

• NO Discount on Car Price – The consumers are not offered any discount on the car price when paying 0% interest. So even though there is no interest, the repayments are still high due to the higher car price. Compared to this, a discounted car price with regular interest rate will give you lower repayments.
• Inflexible Terms – These offers usually come with set Loan Terms and Balloon percentages which means the loan may not be set on terms preferable to you.
• High Document Fees – To make up the money lost on interest you may be charged a high document fee, sometimes up to $2,000. This is considerably higher than the fees finance companies normally charge. 

Top TIPS from us:

• Research first and make an informed decision. Always look at the overall monthly repayments, document fees and the balloon payment while comparing offers.
• Speak to our expert team and let us do all the research and leg work for you. We will get you the cheapest price on new vehicles and combine it with competitive rates leaving you more money in your pockets. With our experience on hand, you have a better chance of grabbing a bargain and saving more money.

Call us on 1300 275 763 / 03 8825 8888 for a free quote.