finance might seem daunting, but in reality it's just a simple two-stage process.
The first stage is to decide on the type of car deal you want: loan, lease, hire purchase, or dealer finance. Then it's a simple matter of choosing the provider whose product best suits your needs.
Personal loan
A personal loan is the most popular way to finance a new car according to a poll on whatcar.com - 33% of those taking our survey favour this method.
Borrowing money from a bank, building society or other lender gives you instant ownership of a car. Comparison websites will show you which money-lenders offer the best deals.
The annual percentage rate (APR) is the easiest way to compare loans, and essential in working out how much a loan will cost you over its lifetime. If the APR isn't clearly mentioned, then ask for it. The headline rate isn't necessarily what you'll get; it can vary, depending on your credit-worthiness.
It's tempting to go for longer loan periods, because that means smaller monthly payments - but you'll pay a lot more through interest. Be as disciplined as you can about keeping the loan term as short as possible.
The downside of an unsecured personal loan is that any of your assets could be seized in the event of a default on the payments. With dealer finance, only the car is vulnerable to repossession.
finance might seem daunting, but in reality it's just a simple two-stage process. The first stage is to decide on the type of car deal you want: loan, lease, hire purchase, or dealer finance. Then it's a simple matter of choosing the provider whose product best suits your needs.Personal loanA personal loan is the most popular way to finance a new car according to a poll on whatcar.com - 33% of those taking our survey favour this method. Borrowing money from a bank, building society or other lender gives you instant ownership of a car. Comparison websites will show you which money-lenders offer the best deals. The annual percentage rate (APR) is the easiest way to compare loans, and essential in working out how much a loan will cost you over its lifetime. If the APR isn't clearly mentioned, then ask for it. The headline rate isn't necessarily what you'll get; it can vary, depending on your credit-worthiness. It's tempting to go for longer loan periods, because that means smaller monthly payments - but you'll pay a lot more through interest. Be as disciplined as you can about keeping the loan term as short as possible. The downside of an unsecured personal loan is that any of your assets could be seized in the event of a default on the payments. With dealer finance, only the car is vulnerable to repossession.
การแปล กรุณารอสักครู่..