Car companies dangling finance carrot to buyers

CAR companies are enticing buyers with alluring finance offers.

Kia is allowing buyers to make a one-off up-front payment of 50% with no interest and no payments for the next 24 months on some models. Picture: Newsdesk Media

CAR companies are enticing buyers with alluring finance offers.

Kia Motors Australia today launched finance package which allows buyers to make a one-off up-front payment of 50% with no interest and no payments for the next 24 months.

At the end of the two-year interest-free period owners have the option of paying out the balance of the vehicle, entering into a new finance arrangement for the balance of the vehicle or trading it in on a new vehicle.

The special finance deal, to run through February, is available on Optima (with the exception of MY13 Platinum models), Carnival S and Carnival Si petrol from participating dealerships.

It's the latest deal follows some ultra low finance offers - some even zero per cent. 

Nissan also has an intriguing offer available with its new Pulsar. It's a leasing arrangement similar to systems used in the United States.

The deal enables buyers to place a 10% deposit and then pay a monthly fee ($299 for ST models, $399 for ST-L and $499 for Ti). At the end of three years (and within 45,000km) the buyer has three options: Use the guaranteed value to trade into a brand new Nissan; keep the car by refinancing or paying out the owing balance; or return the car with no more to pay. 

Nissan's Pulsar deal is open to registrations until March 31.