Motor manufacturers are tempting consumers to smash open their piggy banks via 0% finance offers – so grab a hammer. Vauxhall, for starters, has its flexible finance calculator that enables a buyer to tweak the terms to suit his/her requirements. Let us consider an example. The Vauxhall Agila S 1.0i 12v ecoFLEX – that has an on the road cash price of £ 10,435 – can if necessary be bought without a deposit (excluding the £ 500 manufacturer contribution). If the buyer does not increase this sum – and purchases over twenty-four months – the regular payment is £ 413.96. This totals £ 10,435 and the customer owns the car at the end of the contract. The motorist could, however, make smaller instalments over any number of months up to sixty so the payments could fall to £ 165.59. Plus, if he/she increases the deposit this further shrinks the regular commitment. Vauxhall's finance calculator makes other cars available too. Highlights include the Corsa VXR Nurburgring 1.6i Turbo, the Zafira Design Nav 1.7CDTi ecoFLEX, and the Insignia Sports Tourer Elite Nav 2.8i V6 Turbo Automatic 4x4. So, bust that piggy.
New Hyundai And Toyota 0% Interest Finance Deals
The Hyundai ix20 Classic 1.4 is also available via 0% finance. Terms include the £ 6,346 deposit which is followed by thirty-six monthly payments of £ 169. So, the total cost of this town car is £ 12,430 including delivery, the registration fee, number plates and a tax disc. At the end of the contract the motorist owns the car outright. Toyota has offers too. The AYGO Mode 1.0 VVT-i, for starters, is available via a personal contract purchase plan that enables the motorist to retain or return it once the contract has expired. Representative terms include the £ 2,552.60 deposit that precedes a monthly payment of £ 103.88, then thirty-four of £ 103.78. At the end of the term the motorist can make the £ 3,510 final payment to own this city car. This totals £ 9,695. Option two is to return it whereby there is nothing further to pay assuming it is in fair condition and has not exceeded its 10,000 mile annual allowance. Option three is to settle the final payment then part exchange via a new personal contract purchase plan. Here, if the vehicle is worth more than the final payment - perhaps because it has low mileage - the difference contributes towards the replacement's deposit. 'Bye bye porcelain piggy - hello hammer.'
By Stephen Turvil
Mon, 28 Oct 2013