Best 0% deposit, 0% finance // lease deals?

craptakular

craptakular

craptakular

Soldato
Joined
7 Jan 2007
Posts
10,607
Location
Sussex, UK
Following my last thread on motors, it is safe to say that I know nothing about cars, I don't car about cars nor do I want to know how they work.

I need a car to move from home to work and to the shop, that is it, 99% of the time.

My fiesta isn't so reliable anymore, its 8 years old and I think it could be time to replace her.

What 0% deposit and finance deals are good?

I like fiestas, yaris looks ok, mazda 3, ibiza etc etc.

3 doors is fine, its just me driving it, as long as it has air con, a nice steering wheel and feels solidly built I aint fussed.

I would like to keep monthly payments below £200, preferably closer to £150.

I can get a lease scheme through work where everything is all in, exc ept fuel, but I am on a fixed term contract atm so cannot cover all the repayments with the company scheme.
 
Blue one?

In all seriousness though - all modern cars are pretty decent, particularly so if you really couldn't care less about how it drives etc but have decided you want a new car.

Just look around and work out what your total cost of ownership will be. 0% apr is all very well but if you can get the same car £2k+ less elsewhere on an apr of a few percent it may well work out better.

Buying is very likely to give you the lowest overall cost of ownership

Go and look at / drive the ones you like then look around for the best deal on that particular car. Check sites like drivethedeal to see how their discount compares to what you can get in the showroom.

Look at pre reg / 6 month old cars too
 
Your post is full of attitude. You have to care about cars if you are going to drive them. After all, they are a ton+ death machines.

Personally, i would keep the Fiesta till you are in a reliable permanent job.

If you are one of them who just wants to blow some money on a 13 plate, get the car with best options and that you like the design of. They are all practically the same when it comes to shopping trolleys.

Can't help with the finance thing as i don't understand finance.
 
Seeing as you're on a fixed term contract I think starting a finance deal would be a Bad Thing To Do.

In your position I would be saving the £200 a month you've allocated for finance to either repair your Fiesta as and when, or save up for a new motor. I don't imagine an 8 year old Fiesta can be costing you that much to keep on the road.
 
I'd recommend a GT86 with all the options ticked...


...thanks for taking a hit on depreciation ;) we need folk like you in the world to provide us sensible folk with nice second hand cars!
 
The problem, generally, with 0% finance deals is that you end up overpaying for the actual car itself. There was a decent deal on a Juke earlier in the year but required a deposit I believe. They're doing 0% on the Yaris with a 5 year warranty and fixed price servicing so if you had to get a new car, you could do worse.
I'd be more inclined to buy a 3 year old Yaris for 6k with a bank loan.
 
Just reading your old thread - I think it'd be a real shame to go from a 2005 Fiesta ST to a new 1.0 Yaris (which is the sort of car your budget will allow). Your best plan of action is to keep the car as I strongly doubt it will give you anywhere near £1800/years worth of repairs. Plus, they're meant to be fantastic cars.
 
Its a good car, and I get 60% discount on stuff for it, I just live alone and 100 miles from home for work. So when it broke down, I was a bit stuffed.

This morning it didn't tick over right on start up and the EAC fail text was coming up on the dash. I turned it off and restarted it and it was fine.

I am worried.
 
craptakular said:
Its a good car, and I get 60% discount on stuff for it, I just live alone and 100 miles from home for work. So when it broke down, I was a bit stuffed.

This morning it didn't tick over right on start up and the EAC fail text was coming up on the dash. I turned it off and restarted it and it was fine.

I am worried.
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Buy breakdown cover then?
 
No deposit at all? Perhaps a brand new car is a luxury that's out of reach.

You will find it very hard to find something good offered both with no deposit and no interest.
 
I have, but my time is more valuable. Spending 6 hours waiting for RAC, towing car, waiting for it to be fixed etc. Isn't something I can afford to wait for each time.
 
[TW]Fox;24446719 said:
No deposit at all? Perhaps a brand new car is a luxury that's out of reach.

You will find it very hard to find something good offered both with no deposit and no interest.
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I can put a deposit down, but don't want to eat into my house deposit money.

I could put the £2k down I would get for my fiesta, I may just lease a car next year through work. If/when I get a permanent contract.
 
Are you going to buy a brand new car with zero deposit each time you have an issue with a car? Looking at your thread, even if the engine went you could have a unit from a broken/dismantled car fitted for around £1000. About four/five monthly payments for your new car.
 
Hire a car for a couple of days? It's not diffcult, nor particularly expensive

The car is hardly old. It seems you just want a new car - that's absolutely fine, I would personally at least wait until the work situation becomes permanent though.
 
craptakular said:
How do you propose I get to work and stuff during this engine refitting time?

Its age vs risk. The car is getting old.
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It's 8 years old not 28 years old...

...look after it and you should be fine. It's a Ford, parts are generally very cheap if anything were to go wrong. Also the engine is fundamentally very basic, no turbos etc...

You're saving for a house and think taking on the finance of a brand new car is a good idea?
 
craptakular said:
How do you propose I get to work and stuff during this engine refitting time?

Its age vs risk. The car is getting old.
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If you think taking on a large amount of debt on an object that will depreciate heavily, and will be worth less than what you owe on the finance is the answer then go ahead.

What do you do when the car needs any service work or an MOT, do you sell it and buy a new one so you don't have to take a couple of mornings off or get a lift in/get a courtesy car/hire car/train/hoovercraft?

There's no guaranteeing that a new car won't have to go in for some sort of recall or warranty work so there's no real difference in risk. Fix the problem, move on.
 
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