If you would like to purchase a new car as a person for your teenage child or just as a gift for yourself, then you should not let the financial crisis give you up. Even if you have been in a better financial condition, it is still not a reason for your give-up!
I know that you probably think that I am crazy: “Who would spend money on buying a new car in these crises times”, you would ask! “Many people”, I would answer. And it would not be a lie because there are already so many people who had realized the fact that getting a car is not a risky deal and the crisis does not have neither positive nor negative effects.
And the reason why getting a car nowadays is so easy is that there is already 0 car finance. You have not heard of it, have you? Actually, that is nothing more than getting a nearly new car without any interest. It sounds like a great deal, doesn’t it? And it really is because thanks to the zero car finance there are thousands of people and even families who can get the car which they need.
However, the competition among the companies which offer 0 car finance has become so severe that you can already find new cars which could be also purchased and paid out in several years but without any interest. What could be better than that?
But if you have good knowledge about finance subjects, then you would probably ask yourself where the catch is. And it is actually a pretty normal question and no one should be accused of being suspicious. How do those companies make profit when there is no interest? Of course, the car sale itself is quite profitable but there must be something else! And the key is hidden into the people’s psychology. What I mean is that all those companies have done research and it showed that the people are so impressed by the zero car finance that they never negotiate for a discount. This way the companies still make the same profits because instead of decreasing the cost of their cars, they decrease the rate of interests. Of course, there are many new clients who are attracted to the zero finance new car offers and they do not even realize that they will spend the same amount of money as if the interest was not 0 per cent.