Finding the Right Finance Deal for Your Car

Finding the Right Finance Deal for Your Car

If you've set your heart on getting yourself a new or used car, there's a small (or not so small) hurdle to overcome before you can drive it away - it has to be paid for! There are a number of ways you can arrange finance for your car, with some methods suiting different types of buyers better than others. Although many of us simply plump for car dealers' finance without looking at the options, this can mean that we end up hundreds, or even thousands, of pounds out of pocket.

When choosing a finance deal, the key point to remember is the final cost, which will depend on the interest rate you're paying, the deposit and any other additional payments at the end or start of the deal, the length of the loan and any penalties you might incur if you're able to pay off the loan early.

In this section, we'll help to guide you through the maze of car finance, with tips on dealership offers such as personal contract plans and hire purchase, along with advice on arranging your payment independently, using a credit card, personal loan or remortgage.

Getting the Best Deal
A look at some top tips and advice that can help you to find the best car finance deal.
Dealer Finance
A guide to the major forms of finance offered by dealerships, including hire purchase (HP), interest-free credit, personal contract plans (PCPs) and leasing.
Independent Finance
Find out how you can use a credit card, personal loan or remortgage to purchase your new car.