Skip to content

Finding the cheapest and best car finance deals

Often when buying a car all the attention is focused on the actual car itself and little thought is given as to how you are going to actually pay for the vehicle. The finance terms and type of finance are actually a major part of car buying that does need to be given a great deal of thought. One way to do this is to ensure that you compare the best car finance deals.

Often when buying a car all the attention is focused on the actual car itself and little thought is given as to how you are going to actually pay for the vehicle. The finance terms and type of finance are actually a major part of car buying that does need to be given a great deal of thought. One way to do this is to ensure that you compare the best car finance deals.


One of the quickest and easiest ways to compare and find the best car finance deals is to go with a specialist website and make your comparisons. You could also make use of the information that is supplied on the internet towards making your choice of finance. You could give some thought to taking out a secured or unsecured loan or hire purchase. The different types of finance will need weighing up against the other as they all have their pluses and minuses.


Hire purchase finance is generally offered by the dealer in the showroom and many times that will have you believe that this is one of the cheapest methods of buying your vehicle. While it may be possible to get a good deal this way you have to take into account that your car is not yours until the final payment has been made on the loan. Therefore you will not be able to sell it and if you defaulted on the loan your vehicle could be taken back. However the good side to taking out hire purchase is that you will be able to pay a deposit on the car and this could mean that you will get lower monthly payments to make over the term of the agreement.


When looking for the best car finance deals you could also look into personal loans. You might choose to take out an unsecured personal loan if you are buying a second hand vehicle or a car that does not cost a great deal of money. You might be able to get a 0% interest deal but you will have to ensure that the rate of interest did not jump up astronomically once the interest period has passed.
 

Posted by on

Back to May 2009

Back to top