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What Car? Q&A - Are there catches with 0% finance?

11 May 2006
Q: Are there any catches with 0% finance?
D Jones


A: If the interest rate is 0% and there are no fees, you will be getting free credit, so there are no catches in that sense. However, you may find that a 0% finance scheme requires you to make a larger deposit and repay over a shorter period than the average finance deal.

You could well be missing out on discounts that are available to other buyers not taking advantage of the offer, so get your calculator out to see which is worth the most cash to you.