Clever Car Finance, How To Buy Your New Dream Car And Save Money

Wed, 28 Sep 2005



Ok so you have decided to buy a new car, what next? No doubt you will spend hours looking through car magazines and browsing relevant websites, talking to friends, narrowing down your selection.

According to reports the most important factor we look for is value for money when choosing a new car, followed by reliability, comfort and fuel efficiency. Contrary to popular belief speed, performance and style come well down the list.

Once you have made your selection, armed with price comparison and product knowledge you head for the nearest car showroom. You entertain the sales assistant with your bartering skills, inherent in your genes, of course. He becomes bored and relents and gives you the discount you have been hassling him for.

He calculates the final price impressing you and making you feel that perhaps you should give up your daytime job to become a full time negotiator.

It's time to discuss the car finance terms, you opt for the showroom finance, hey its easy and finance is finance. You are now feeling really proud of yourself.

Unfortunately all this hard work is an absolute waste, because what you don't realise is that the amount you will end up paying in interest by opting for the showroom finance, is far greater than any discount the sales assistant could have given you as an incentive.

On average a typical showroom APR is 13.3% compared to the cheapest car loan of typical 6.2%APR. Meaning that you pay twice as much interest.

So don't get caught out, be a smart negotiator and check out the best car finance deals in town first.
add to favouritesnewsletterlink to this pagesend to friendpost comments

Link to this page

Copy and Paste the following HTML into your page.

 

Advice section: Pros & Cons | Finance Tips | Running Costs | Payment Options
Car finance partners

Halifax Loans