Car Finance Terms Explained
Thinking of buying a car but don’t speak the language of loans? Check out our handy car finance glossary writes Geraldine Herbert APR – Short for Annual Percentage Rate. This is the amount of interest charged on the loan, including any fees. All lenders must calculate the APR in the same way so it is not only the best way to compare loan providers but it shows how much you’re actually going to pay over the period of the...
Outstanding finance on a used car
What happens if you accidentally buy a used car with outstanding finance writes Geraldine Herbert Over the past number of years, Personal Contract Plans (PCPs) have proved increasingly popular among car buyers, so much so that over 30% of private buyers use some them to purchase their new car. However, for used car buyers, there has been an increase in the number of cars being offered for sale with finance still outstanding....
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...
Shop around for the best 191 deals
January may be nearly over but there are still some very tempting offers for new car buyers, writes Geraldine Herbert Now is a good time to buy an Audi. The German car maker’s 2019 Experience Audi Sales Event is still running nationwide. As part of the event, Audi is offering finance packages from 2.9pc. At BMW dealerships around the country, savings of 5.1pc, or an average saving of €3,296, is available on new BMW models....
How to finance your next car
Consider your finance options carefully in order to get the best value for your money writes Geraldine Herbert Thinking of buying a new car? With a multitude of finance options available it pays to spend time determining just what is the best type of finance to sign up for. Aside from paying in cash your options include, a bank loan or credit union loan, Hire Purchase (HP) or Personal Contract Plans (PCP). PCPS An increasingly popular...
