Zero doesn’t mean zero – especially when it comes to car and commercial vehicle finance.
Large franchise dealers often advertise zero interest rates when selling new cars but these always come with a catch. Opting for “zero”, “no” or “gimmick – below market rate” interest loans can end up costing you and your business more.
To start off with, you won’t be able to negotiate a lower price on the vehicle you want to buy. They often use these finance gimmicks to sell off old stock so you won’t even get the latest and best model that they have just got into the showroom.
Every “zero” percent finance package comes with higher fees; even for paying off the loan early. The repayments might seem low, but read the fine print first. The repayments are kept low by opting for a large balloon payment at the end of the loan term. Finding your own finance and haggling with a dealer can save you thousands of dollars.
At TradeMate Finance we have the perfect solution to all your equipment finance needs. We take all the guesswork out of finding the best finance deal. We take the time to understand your business and needs and save you hassle, time and money.
Rate Disclosure *Best rate as of the 1st of January 2020 is 3.75%PA. The interest rate is determined with reference to the age of the vehicle/equipment and the credit assessment. Interest rate loading may be applied. Establishment fees of $375. Different terms, origination, account keeping fees or other loan amounts might result in a different comparison rate. Lending criteria, fees and conditions apply. Rates, fees and conditions are indicative, available for new loans only and subject to change without notice.
Rate provided by TradeMate Finance Pty Ltd, Australian Credit Representative Number (520749) Authorised representative of ACL# 389328
TradeMate Finance Pty Ltd 467 Torrens Rd Woodville SA 5011