Purchasing a vehicle is considered to be a very important financial decision that you could make in your life besides buying a home. It isn’t that often that individuals are capable to afford to buy a new vehicle outright, so it’s more usual for people to opt for car finance.

There are many different ways to obtain finance or hire purchase and one of the more tempting offers is to look at obtaining 0% finance, where no Annual Interest Rates, APR, are imposed.

* As with any type on non-secured or secured financial arrangement, it is advisable to carry out as much research as you can to ensure you are getting the best options and the most competitive offers.

* Today’s car market is a very competitive one, as such you will need to weigh up all the offers and options as there are many different finance alternatives available.

* There are 2 main options for finding 0% finance. The first one is sourcing straight from the car dealership where you wish to purchase the vehicle from or alternatively look out for independent financial supplier.

* When looking to buy a new or used car then at some pint during your visit to the car showrooms you will be asked by the salesperson your intentions of payment. At reputable dealerships there are usually trained sales people who are able to provide financial guidance.

* These dedicated sales people are able to provide you with the financial guidance depending on your needs and individual circumstances, such as whether you have a car you wish to part exchange or whether you qualify for any of the showroom finance offers.

* The best option is 0% finance in which you have to pay no interest rate, however this is not an automatic option, you will have to meet the qualifying criteria before this type of finance can be offered.

* The car dealerships frequently provide finance from 1 or 2 financial providers. As such it could make the availability and choice of financial deals limited. It would be better to discuss about the 0% finance with the vehicle financing agent at the dealership and after that head home to conduct further research into other options that are available, particularly if you have a poor or low credit rating as the enticing zero percent option will not be available to you.

* Online finance brokers could be a quick and easy way to obtain a quote. One point you should take in to consideration is that the online quote systems do always cover all your personal circumstances and will rely on your providing accurate and honest answers to their questions.

* It is important that you consider an initial quote and after this talk to the customer service agent directly over the phone regarding your particular situation, to ensure you have understood the terms, conditions and any restrictions that may be applicable.

* There are many online companies who offer 0% finance and not all of them are as reputable as they should be. Stop and think before you enter any finance agreements to buy a new car.

However, 0% car finance can be a effective method of driving away in a new car if you meet the criteria to qualify for these cost effective finance offers from reputable dealerships.