How it works
At Mortgage Choice, we want to help you make better choices with your finances so you can enjoy the things in life that matter to you.
To do this, we need to understand a little more about your individual needs and circumstances. The Solution Finder enables you to let us know what information you are seeking - which should make for a faster, more efficient search for you.
Simply select what you are looking to do from the first drop down menu - whether that is buying your first home or sorting out your insurances.
Then, select the stage you are at - whether you have just started out with your research or you are already well into the process.
Clicking on 'Get started' will then send you off to a page of content which is directly related to the information you need.
However, if it doesn't quite suit your needs, or you are looking for something completely different, just contact us on 13 77 62 - we are here and ready to help.
The truth about 0% p.a. interest car financeOffers of zero per cent interest on car finance may sound tempting, but it pays to understand the fine print, because deals that sound too good to be true, often are.
A Mortgage Choice broker can see how other forms of finance compare and help you find the right car loan for your needs. Watch this video to find out more.
Features of 0% car finance offers
Eye catching offers
For car dealers, getting buyers to walk into the showroom is a big part of the battle to secure a sale. That's where those 0% offers are so effective – they grab our attention. To create a sense of urgency they’re often marketed as being 'for a limited time only'.
Less price flexibility
While 0% sounds generous, the deal isn't entirely interest-free. The finance provider still earns their cut of interest but instead of the money being spread over a series of repayments, the interest cost is factored into the upfront sales price of the car. This means the dealer may not be able to afford to be flexible on the price of the vehicle – or particularly generous with a trade-in offer.
Higher servicing costs
Zero per cent deals typically apply to new cars but remember, it's likely you'll be obliged to have the vehicle serviced by the dealer at set intervals – otherwise you risk voiding the warranty. These service charges can be a lot more than you’d pay at an independent mechanic.
Up-selling additional services
Dealers also aim to beef up their profit with add-ons like an extended warranty. Some will even dangle the carrot of a guaranteed price on your next trade-in, thereby locking you in to a future sale.
Get all your car loans FAQs answered
Our tips to avoid regrets
Stop, compare, be informed
The key to getting a good deal on your next car is homework. Research the market value of any vehicle you're planning to trade in – this will give you a head start in price negotiations. And never be pressured into signing up for a purchase on the spot.
Speak to a loan expert
Most importantly, talk to a Mortgage Choice broker to see how other forms of car finance compare. It may turn out the 0% offer is right for you but at least you'll be able to enjoy the vehicle knowing you made an informed choice.
We can help you to compare a range of options to find the car loan that's right for you.
Your local Mortgage Choice expert
Find me a...
Unfortunately we don't have any experts located in your area, however, we can have a nearby expert come out to you, or contact you via email or phone.
Note, when searching by postcode or suburb, please select from the drop down list that appears as you start to type.