--- title: 🚘 Careful - 0% Car Finance offers can sometimes be more expensive than you think! description: 📞Call 1800Approved on 1800 277 768 for an independent obligation-free car loan assessment to check and ensure you're getting the best deal possible.🚘 image: https://www.1800approved.com.au/hubfs/blog/BMW1series-600x214.jpg --- [![1800 Approved Finance Solutions](https://www.1800approved.com.au/hubfs/Logos/1800Approved_dark.png)](https://www.1800approved.com.au) ### [**1800 277 768](tel:1800277768) #### WELCOME TO # Our blogs Our aim is to supply you with the best information that you can be confident in your knowledge when you make an application with us. # [![logo-easter-d](https://www.1800approved.com.au/hs-fs/hubfs/Easter%20Campaign%202022/logo-easter-d.png?width=268&name=logo-easter-d.png)](https://consumer.zink.com.au/v1) ### Other Posts - [COVID-19 proof your business cash flow – with a little help from the government!](https://www.1800approved.com.au/blog/covid-19-proof-your-business-cash-flow) - [$150,000 Tax-write Off — Going, Going, Gone](https://www.1800approved.com.au/blog/tax-write-off-going-going-gone) - [Current combination of events means it's the best time to buy a car](https://www.1800approved.com.au/blog/the-current-combination-of-events-means-its-the-best-time-to-buy-a-car) - [How to protect your credit score during this COVID-19 pandemic](https://www.1800approved.com.au/blog/tips-on-how-to-manage-your-business-cash-flow-0) - [Tips on how to manage your business cash flow— How the stimulus package is geared to help.](https://www.1800approved.com.au/blog/tips-on-how-to-manage-your-business-cash-flow) - [**](https://www.facebook.com/sharer/sharer.php?u=https://www.1800approved.com.au/blog/buyer-beware-0-car-finance-offers-can-be-more-expensive-than-you-think) - [**](https://twitter.com/share?url=https://www.1800approved.com.au/blog/buyer-beware-0-car-finance-offers-can-be-more-expensive-than-you-think) - [**](https://plus.google.com/share?url=https://www.1800approved.com.au/blog/buyer-beware-0-car-finance-offers-can-be-more-expensive-than-you-think) - [**](https://www.linkedin.com/cws/share?url=https://www.1800approved.com.au/blog/buyer-beware-0-car-finance-offers-can-be-more-expensive-than-you-think) - [**](http://www.youtube.com/user/?url=https://www.1800approved.com.au/blog/buyer-beware-0-car-finance-offers-can-be-more-expensive-than-you-think) ## 🚘 Careful - 0% Car Finance offers can sometimes be more expensive than you think! Posted by [Ken Edwards](https://www.1800approved.com.au/blog/author/ken-edwards) on 19 September, 2017 ## ![BMW1series-600x214.jpg](https://www.1800approved.com.au/hs-fs/hubfs/blog/BMW1series-600x214.jpg?width=640&name=BMW1series-600x214.jpg)It can sometimes be confusing for car buyers trying to determine if they are getting a good deal or not. In some cases, it can be better to organise pre-approval for a set finance amount to haggle a sharp price and [arrange your own finance](https://www.1800approved.com.au/car-loans/). Sometimes, 0% finance does not add up. We did some number crunching on a recent 0% finance deal;   Zero per cent finance was offered on quite a high vehicle retail price of $24,990 drive-away for a small car that has had a $19,990 drive-away price tag At Zero per cent finance over five years the $24,990 price would cost $417 per month, presuming no hidden charges or establishment fees. > What happens if you buy the car at $19,990 drive-away and arrange your own finance?   If you have a good credit history, you may be able to wrangle a rate of 8 per cent or better. According to [online calculators](https://www.1800approved.com.au/calculator-new), that works out to be $405 per month or less over five years, paying $4329 in interest, bringing the total cost of the car to just $24,319. It always pays to get more than one quote. Make sure you find out the total interest and total amount you will repay over the life of the loan. ------ 1800Approved is an award winning [finance broker](https://www.1800approved.com.au/), we work for you, not your bank!  We have helped tens of thousands own their dream car, motorcycle, boat, jetski or caravan. With one enquiry only, we can can check your personal suitability for credit by comparing more than 40 lenders on your behalf. Let us help you find the [best car finance deal in Australia ](https://www.1800approved.com.au/car-loans)today. Call us on 1800 277 768 or [apply online](https://www.1800approved.com.au/car-loans). Obligation-free. 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