1% Finance, take a closer look.
I am sure you have seen a 1% finance offer from one of the big carmakers recently. Super attention grabbing headlines, designed to get you into a showroom so you can get an amazing deal. 1% interest means you can't go wrong? Maybe not. So how are these offers too good to be true.
- No negotiation. This is a killer, to get the 1% rate you don't get to haggle the price, the difference between what you could have saved with a standard interest rate and some negotiation could run into the 1000's