Truth about 'no interest' car loans

A ‘no interest’ car loan might seem like a great deal, but the truth is the car price may be loaded so you could be paying more upfront than if you were buying without dealer finance.

These ‘no interest’ deals are known as subvention agreements and are used by car dealerships to get you through the door.

At Mortgage Choice, we have access to a range of lenders who provide vehicle finance and can help you find a loan that’s right for you.

Once you’ve decided on a product we can also help you get the green light on your finance whether you are purchasing through a registered dealer or private sale. This means you can start looking for your new car with piece of mind knowing what you can afford to spend. 

To make sure you’re getting a good deal on your next car purchase, talk to us today

Posted in: Car loans & leasing

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