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Originally Posted by marc26
in the states, car dealerships are begging you to take their cars
gmc has had plenty of 0% financing promotions in the last few years
you gusy in the UK buy your cars upfront?
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LIL has covered company cars. The way of owning a car yourself is either to pay cash upfront (as I do) or get a car loan. I'm guessing that the best interest rate currently is no lower than 7%. The best deposit rate is probably around 5%.
There is no such thing as free money. If someone is offering you an interest free deal on a purchase, then they will have built in some form of interest charge. Companies cannot borrow money for nothing, so why would they give credit at no charge. I'm not convinced that it would be just to get the deal.
Apart from mortgages on my properties, I've never had a loan or debt. If you can't afford it, then live without it is my way of thinking. Served me well, 'cos at the age of 41 I'm looking at retirement in a couple of years.