Makers show zero interest
Flagging sales may get a much-needed lift from cheap financing
for a three-year term ends on August 15. Eligible models exclude the Cruze CD, Cruze Equipe and 4x2 Colorado utes. Buyers won’t have to pay a deposit but Holden has other terms and conditions.
Nissan’s 1.4 per cent deal runs until the end of August and covers the Maxima sedan, 370Z sports coupe and Pathfinder and Murano SUVs. Honda’s zero per cent is also deposit-free but is only on hybrids: the Insight, Civic and CR-Z.
The low interest offers are designed to boost sales on flagging models. The campaigns mirror strategies used in the US from 2008 in the wake of the global financial crisis.
US car companies’ interest rates have remained fiercely competitive.
Bargain drive: Renault has wiped its interest rate on loans for certain models, including the Megane hatch