What is the best way to secure finance for your dream car? How can the internet save you money?
With new cars and bikes clogging up our roads, the fact that motoring finance is increasing may be a little surprising to some. However the humble car plays a significant role in most people's lives, with the majority in the country owning, or at least having access to one.
Hence this makes motoring finance and motoring in general very big business. There are a wide range of finance services and motoring options such as purchasing a brand new or second hand car, hiring cars or leasing them on long term deals.
Allied to that, there's been the new car tax rules that for larger cars, means £4k or £5k additional tax payments if you take the company car option of old.
So rather than try and wade you through this on one page, the following are the key types you have available, with a very brief explanation of what they are :
So as you can see, fairly straightforward and confusing. When you are contemplating buying any vehicle, bear in mind that the initial cost, whether as a lump sum or split over time in a finance deal, will not be all you will have to lay out for even with a car finance deal. You still have the running costs for insurance, road tax, servicing (if no maintenance plan) and fuel. With petrol prices constantly on the rise and the average miles per year around the 12'000 mark, this is no timid cost.