Car Finance Question

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RSR

RSR

RSR

Soldato
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Hi Chaps,

I am after some advice on car finance please. Ive never done this before as in the past ive bought my cars outright. The dealers has offered a few options that seem pretty interesting. However, ive not got a clue about this options.

Does any one have any advice on this?

Thanks

Andy
 
All I can really advise is that dealer finance is often a poor way to do things.

If you have to finance a car with loan capital, you might be better off looking at bank loans. Start by comparing rates at moneysupermarket etc.

What options has the dealer given you?
 
Robbie G said:
All I can really advise is that dealer finance is often a poor way to do things.

If you have to finance a car with loan capital, you might be better off looking at bank loans. Start by comparing rates at moneysupermarket etc.

What options has the dealer given you?
Click to expand...

Ahhh i see ive got 3 options from the dealer the normal HP ,LH and a further option to have a trade in deal with a new car in 3 years.

Just looking for some advice on it :D

Thanks
 
If you need to finance it, you can't afford to run it. (But maybe you just want to buy the option to keep your cash reserves and can afford it, in which case which car is it?)
 
Hatter The Mad said:
If you need to finance it, you can't afford to run it. (But maybe you just want to buy the option to keep your cash reserves and can afford it, in which case which car is it?)
Click to expand...

Thats a bit of a narrowminded view. Also one of the reasons i dont want to give out too many details.
 
The last person who didn't want to go into details bought a Clio from Carshaft for double the sticker price on finance. Let us help you :)
 
at that price I assume that it is a new car (good on you) LH and HP are very similar however as with all things it's down to the small print, this depends on the company providing the finance, when they gave you the quote for the car they HAVE and would have given you a breakdown of whats involved and the costs,. I personnally have new cars every couple of years, not exciting cars mind just run of the mill family stuff. and have so far always gone with the options option( diffenent companys call it different things, basically deposit + monthly payment then either give car back or pay the MGF). I give back and start again.


I'm guessing a Merc of some kind ?

bullit
 
Janesy B said:
The last person who didn't want to go into details bought a Clio from Carshaft for double the sticker price on finance. Let us help you :)
Click to expand...

Thats nice, well its going to be a expensive clio then :D

I was just asking for advice not, i should do this, this or this :rolleyes:
 
Hatter The Mad said:
If you need to finance it, you can't afford to run it. (But maybe you just want to buy the option to keep your cash reserves and can afford it, in which case which car is it?)
Click to expand...

Well not really, maby he doesn't want to save up for 2-3 years for a car when the money he would be saving can go into the finance and have the car now?
 
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