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0% APR Finance

Learn more about 0% APR, interest-free finance

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What is 0% Finance?

Purchasing a vehicle on 0% Finance allows customers to spread payments over an extended period of time, like other finance options. However, the main benefit of 0% Finance is that customers won't be charged any interest or additional fees for this period. Therefore, 0% Finance is a very appealing option which can make purchasing a vehicle a lot more affordable.

0% Finance isn't a finance type of its own. It is simply Personal Contract Purchase or Hire Purchase without the interest, and is only offered in certain circumstances.

Frequently Asked Questions

Is 0% Finance suitable for me?

Customers will need to consider whether Personal Contract Purchase or Hire Purchase is more suitable for their requirements. Once deciding on the finance type customers will need to apply for 0% Finance, if it is available on the product they are purchasing.

What details and documents will I need for applying to pay monthly?
  • Full name (and previous name if applicable)
  • Date of birth
  • Marital status
  • Residential status
  • Address history for the past three years
  • Bank details
  • Proof of identity (e.g. a valid UK passport)
  • Proof of current address (e.g. a utility bill dated in the past three months with full name and current address on it)
  • Valid, full UK driving licence
Will I get accepted for 0% Finance?

Will I get accepted for 0% Finance?

Customers are more likely to get accepted for 0% Finance if they have a strong credit score. In addition to application details, financial lenders will use information from credit reports to determine whether to accept the finance application. Free credit scores can be accessed from companies such as Experian, Equifax and Transunion to give a rough idea of how likely lenders are to offer finance.

Am I too young to have a vehicle on 0% Finance?

Young drivers may find it more difficult to be accepted for finance unless they have a strong credit history, as lenders are unable to determine the ability of a customer to make repayments.

What are the downsides of 0% Finance?

It is possible that customers will end up paying higher monthly repayments if opting for 0% Finance as they are can sometimes be limited to a shorter period of time compared to other finance options. However, this is not always the case.

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