What Does 0% Finance Mean?
‘Think Nissan, Think Brighton Nissan’
What Does 0% Finance Mean?
Finance offers provide many shoppers with an excellent opportunity to obtain the products they want with greater ease. As part of this, the great ‘0% Finance’ deal is becoming a more common sight – but what does 0% finance actually mean? And whilst we’re on the topic, what are comparison rates? (because we hear those floating around a lot now too). As a dealership that offers many of its own (spectacular!) finance deals we hear these questions all the time – so we thought we’d write a blog to shed some light on their meanings.
What Does 0% Finance Mean? Quite simply, zero percent finance means that you do not pay any interest on the price of your car (or any other product it applies to). For many people this makes purchasing a brand new car far more accessible and attractive. However, like all finance deals, you should read the terms of the agreement and ask questions. Not everyone may be qualified to take advantage of the offer, or you may have to provide additional information to support your application.
What is a comparison rate? Comparison rates help you uncover the ‘true’ cost of a loan – bundling up any interest rate along with the fees and charges associated with the loan into a single percentage figure. The benefit of comparison rates is that they take into consideration establishment fees, approval fees and any ongoing costs that make up your overall loan. By having one figure, you’re able to compare loans across different lenders to see what’s best for them. However it’s important to compare all of a loan’s features (rather than just focusing on the comparison rate) as there may be other variables that are important to you. If you’re interested in finance for a new Nissan (but you’re still a little confused) have a chat with our finance team. They’re always on hand to answer your questions about our finance products, obligation free! Brighton Nissan
Think Nissan, Think Brighton Nissan ‘Think Nissan, Think Brighton Nissan’
Brighton Nissan 931 Nepean Highway, Bentleigh VIC
What Does 0% Finance Mean?
Finance offers provide many shoppers with an excellent opportunity to obtain the products they want with greater ease. As part of this, the great ‘0% Finance’ deal is becoming a more common sight – but what does 0% finance actually mean? And whilst we’re on the topic, what are comparison rates? (because we hear those floating around a lot now too). As a dealership that offers many of its own (spectacular!) finance deals we hear these questions all the time – so we thought we’d write a blog to shed some light on their meanings.
What Does 0% Finance Mean? Quite simply, zero percent finance means that you do not pay any interest on the price of your car (or any other product it applies to). For many people this makes purchasing a brand new car far more accessible and attractive. However, like all finance deals, you should read the terms of the agreement and ask questions. Not everyone may be qualified to take advantage of the offer, or you may have to provide additional information to support your application.
What is a comparison rate? Comparison rates help you uncover the ‘true’ cost of a loan – bundling up any interest rate along with the fees and charges associated with the loan into a single percentage figure. The benefit of comparison rates is that they take into consideration establishment fees, approval fees and any ongoing costs that make up your overall loan. By having one figure, you’re able to compare loans across different lenders to see what’s best for them. However it’s important to compare all of a loan’s features (rather than just focusing on the comparison rate) as there may be other variables that are important to you. If you’re interested in finance for a new Nissan (but you’re still a little confused) have a chat with our finance team. They’re always on hand to answer your questions about our finance products, obligation free! Brighton Nissan
Think Nissan, Think Brighton Nissan ‘Think Nissan, Think Brighton Nissan’
Brighton Nissan 931 Nepean Highway, Bentleigh VIC
