These days most of the dealers and lenders are applying interesting tactics on the loan scheme of the cars which is also known as ‘zero percent car finance’. This offer simply allows each and every person to save his/her money which they would have spent in paying interest of their car.

This may be the enticing tactic used to tempt those people who are looking to buy a new car will easily get attracted to as they believe it will help them to save money by paying 0% interest every month.

This may very well be the case however, there are many dealers in the market who will offer fraudulent deals to attract the customers and buyers. So you have to be careful before agreeing to these kinds of offer.

It is important to study the offer and genuineness of the dealer before you buy a car using 0% interest finance terms. It is also an un-ignorable yet realistic fact that not all customers have the option of 0% finance as there are conditions which the customers have to fulfill in order to qualify.

Here are some conditions which can affect 0% finance offers:

* Credit score: The customers report on credit is considered in 0% finance offers. Not only the credit report, the procedure, guidelines and other conditions also taken into consideration from credit scores. For those who have a good credit ratings, this usually means they have a score of seven hundred or above, this method of finance is is very useful for those who are looking to buy a car. If you have shortage of money in your hand and you are still looking to buy a car, then 0% car finance scheme will be well worth considering.

* Selected models: The other fact is that 0% finance on cars is often only applicable for few car models. You can find out which models apply to the offer from the nearest car dealers. Furthermore the models attracting zero finance are often those which are not in much demand or the dealership has an abundance of.

*It can also be because of other reasons such as less efficiency, bad performance and high mileage if they are used cars. In some cases desired car models which are included with the offer may be obtainable through approved dealerships but there may limited numbers and little, if any, choice on colours and other features such as alloy wheels available.

* Short duration: Many of the 0% finance offers are only for short term durations, typically no longer than thirty six months. This means the repayments will be substantially more than longer term credit loans.

* Deposits: The deposit is typically much higher for zero percent finance with some manufacturers and dealerships asking for up to thirty percent. However there are some reputable dealerships offering special deals on paying some of the deposit for you. These types of 0% car finance offers should be discussed in detail with reputable dealerships before going ahead and signing contracts you are unsure of. Always read the small print, terms and conditions which will be applied before entering into the agreement.