0% interest car loan australia

In Australia, “0% interest” car loans are usually manufacturer promos—more sizzle than sausage. Free money? Not quite. The comparison rate is rarely 0% once fees are counted, and you’re often giving up a chunky cash discount on the car itself.

Expect short terms (often 24–48 months), possible balloon payments, limited models/stock, and stricter approval rules tied to dealer finance.

Run the numbers: compare total drive-away with 0% finance versus a discounted price with a normal loan (these days subsidised offers are more like 1.9%–4.9%).

If the maths stacks up, beauty; if not, haggle the price and pick your own lender. Read the fine print and the comparison rate note twice, then once more for luck.