Consumers seem to be in a no-win situation in today's chaotic economy: if we borrow money, interest is punitive, yet if we have cash to invest the rates we're sold are derisory.
However, Vauxhall is now offering new car buyers a fresh and innovative solution to both these woes with its new 'You Pay, We Pay' deal, giving customers a wholesome five per cent cashback on new models purchased with its already generous zero per cent finance schemes.
'You Pay, We Pay' means that buyers of most new Vauxhall Astras, Zafiras, Merivas and Tigras can walk into their nearest Vauxhall dealership, choose either a two, three or four-year nought per cent interest package through GMAC and receive a big fat cheque equivalent to five per cent of the sum financed when they take delivery of their new car.
Better still, buyers who are keen to part with none of their hard-earned cash up front can do so, since no deposit is required on the interest-free two year deal.
And even for those buyers who'd like to spread the cost over three or four years, only 10 or 30 per cent deposits respectively are required.
"In a new car market flooded with the same old deals, 'You Pay, We Pay' is a genuinely fresh approach," said Andy Dunstan, Vauxhall's Retail Sales Director. "With many new car buyers unsure of what the future holds, we felt that Vauxhall needed to raise the bar in the market and offer something extra. The beauty of the deal is not only its simplicity, but the fact that it genuinely puts money back in the pockets of hard-hit consumers."
Of course, buyers can choose to spend the money how they wish, but for canny investors there's never been a better deal. Compared with buying a car with cash - or worse still with a deal that attracts interest - 'You Pay, We Pay' means buyers keep their money in the bank to earn interest, along with a five per cent cashback payment, which in itself would earn three per cent interest at today's average rates.
"Liquidity, a healthy cash-flow and getting the best deals are buyers' key priorities in today's climate," said Mr Dunstan. "'You Pay, We Pay' addresses these concerns and gets them into great value, award winning cars at the same time."
Vauxhall will be supporting 'You Pay, We Pay' with a significant ad campaign on TV and in print media.
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