About Us
Background
Zero Interest Cars is a trading name of Ravenfield Limited. Since 2001 we have been at the forefront of the car rental industry in the UK, with a specialist department for Private Hire and Hackney Carriage vehicles. We are constantly innovating to meet the needs of drivers and we have recently moved into the rent to buy market specialising in electric vehicles to meet the drivers’ current needs.
With our vast experience in the car rental market and our network partners we are able to provide the most competitive prices for rent to buy vehicles.
Zero Interest Cars have an impressive reputation within the industry of successfully managing transport requirements for Private Hire and Hackney carriage drivers. In an ever-changing world we believe that by continuing to invest in customer service, technology and mobility solutions it will ensure we maintain our position as market leaders.
We pride ourselves on being honest and upfront about all of our charges and that is why at Zero Interest Cars there will be no hidden charges.
All documents will be sent to you for prior approval detailing all the charges before any deposit or signatures are taken.
Electric Vehicles
We have built up a long trusting relationship with drivers and we share the governments’ vision to make the UK more greener, cleaner and healthier. We believe we can achieve this by working together with Private Hire and Hackney carriage drivers’ to offer them more options which would enable them to easily upgrade to cleaner electric vehicles.
The popularity of electric vehicles in the UK has increased dramatically over the last few years, with more than 170,000 pure-electric cars on the road currently.
This huge increase in electric car sales has come about because of a greater level of choice for drivers, a shift in the public’s attitude towards electric cars and a much improved recharging network. On top of that, drivers are now more aware of how air pollutants emitted from cars are leading to illnesses and releasing more carbon dioxide and other greenhouse gases in to the atmosphere.
Zero Interest Cars aims to ensure that Private Hire and Hackney Carriage drivers across the UK have a greater selection of electric vehicles to choose from than ever before. Our all-inclusive rent to buy plans have now made owning an electric car extremely easy for a large number if not all Private Hire and Hackney carriage drivers.
Zero Interest
Conventional financing options in the UK conflict with the core beliefs of Islamic finance, and as a result Muslims living in the UK who wish to finance a car are left with no choice but to go against their beliefs. This is because it is prohibited to take or give interest on anything. This immediately creates a problem for Muslims, as conventional banks charge borrowers an interest rate through which they make a profit.
Our research indicated that an empty space was waiting for better Islamic car financing and this has been the case for some time in the UK. Zero Interest Cars aims to fill that space by providing an honest, interest free finance option on all of our electric cars.
Zero Interest Cars gives Private Hire and Hackney Carriage drivers the option of 0% interest payable over the term of the agreement with no hidden costs.
By using the services of Zero Interest Cars our customers who have this problem from an Islamic perspective can be rest assured that they will be in compliance with the Islamic laws regarding no interest as the customer is paying rent spread equally over the term of the agreement until the total amount is paid off. Zero Interest cars allow drivers to buy a vehicle and spread the cost in a way which is compatible with the Islamic faith. It offers access to finance, while adhering to Islamic restrictions on lending with interest.
All of our car deals advertised as being 0% or Zero interest mean you won’t be charged interest on the amount you borrow. With a 0% deal, you’ll only have to pay a deposit, followed by a set no. of weekly payments.
This allows drivers to own a car at the end of the agreed term as opposed to renting endlessly with nothing to show for their money. As rent to buy is permissible under Islamic law, Zero Interest cars are an excellent option for Muslims as well.