FAQ’s
0% Interest Finance FAQs
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The ability to end a no interest car loan after the zero interest period and refinance, will depend on the conditions attached to the specific contract. Exit fees would apply.
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The period where zero interest is applicable on a 0% interest loan will depend on individual offers.
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Zero interest car loans are only available through car dealers who have an arrangement with a specific finance company.
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The types of vehicles that may be purchased with 0% interest loans will depend on the car dealer offering this type of financing.
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Buyers can use an online finance calculator to work out the total cost of a loan with no interest over the full term.
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Typically, car finance without interest is limited to arrangements made between individual dealers and a finance company. Buyers usually do not have a choice of lender.
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When ending a consumer loan prior to the agreed end of the term, exit and early payout fees would apply. The fees and the full outstanding amount would need to be paid to the lender.
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Terms on finance with no interest can vary with specific offers. Sometimes this type of loan has a shorter term.
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Lender fees and charges vary with individual lenders. The fees applicable to a specific loan should be detailed in any offer made.
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Dealers offer financing services to buyers but it is not usually a condition of purchase that the financing be accepted.