Loan or Finance?

[GlasgowTitan]

Its about time I got rid of my old X reg mondeo and got something and bit newer. We have just had a baby and I'd feel better about taking the wee man out in a car that isn't full of dents, a dodgy handbrake and rusty holes all over it. I was considering a budget of around £6-7K for which various comparison websites quote around £200p/m and a total charge of around £800 for the 3 years, which we can cover fairly easily including our mortgage etc. We have a small lump sum which can be used for a deposit if required.

Is the general consensus that finance is the Devils work and therefore avoid at all costs or will you get good deals at this sort of budget? Was thinking of a similar car to the mondeo, maybe a newer model/accord/vectra or maybe something smaller like a focus/astra.

Cheers

 

[GlasgowTitan]

Cheers for the help, as for deposit it would be about 2k just now so was probably thinking along the lines of a loan to top it up to the 7k budget. Had a quick look round some dealer websites in my area and as Fox said there isn't really very much exciting, I think there is much more options open to choice of cars if I walk in with money in hand rather than relying on finance.