What is the best way to pay for your new car?
When buying a new car figuring out the best way to finance the deal is crucial writes Geraldine Herbert Hire Purchase (HP) Finance With a hire purchase agreement, you pay an initial deposit and pay an agreed amount in monthly repayments and the balance is divided equally over the finance period. Once all the payments have been made you own the car. HP finance agreements range from three to five years. The main difference between using...
PCP or personal loan? The pros and cons explained…
Consider your car finance options carefully in order to get the best value for your money, writes Geraldine Herbert Unless you are a cash buyer, when buying a new car the chances are you are likely to consider opting for a personal contract plan (PCP) or borrowing the money from a bank or credit union. Below are some things to consider before you commit to either. Personal Loan The simplest way you can finance the purchase of a new...
Car Finance Options
How to get the best deal when it comes to buying a new car, we look at your car finance options writes Geraldine Herbert The number of brand new cars driven off forecourts in the first quarter of this year was up 28% on the previous year’s figures. The second half of the year may well prove to be even more buoyant. Last year the second half of 2013 outperformed the same period the previous year by a substantial 65% thanks to the...
