Thinking about how you afford a new car before setting out to purchase the vehicle will result in lower car finance repayments, according to vehicle finance industry experts. Whether choosing a new or used car, a bit of forethought can make all the difference when paying off a loan .

Many car finance borrowers choose point-of-sale car finance from a car dealer, and although this can seem like the most convenient option, experts are clear that car finance of this nature is often pitched at an uncompetitive level when compared with the best personal loans on the market .

Even within the personal loan market, there is considerable discrepancy between market-leading deals and the least competitive on the market. However, personal loans usually offer a simple loan with a clear interest repayment rate. Researching the market, comparing quotes, and understanding how car finance work might save money when seeking a new car .