Financing Your Car Purchase

It may be surprising to learn that around 70% of car purchases are made using some sort of finance option - e.g. not bought outright with cash.

The reason for this is obvious. The cost of a lot of these cars is very expensive, more than people have in savings. But what options are there on the offer?

Well for some a leasing option is attractive, but not for most as they want to own outright.

The best option for many therefore is to use either a loan of some sort (disadvantage: pay back more in total) or a deal whereby you pay gradually over a set period of time, sometimes with interest: usually good as the total interest if applicable will be less.

Therefore try to go for the deal that incurs you less cost overall, and try to be patient with your purchase to look around and find the best deal for you personally.