Looking for a great deal on car finance but can’t decide which is for you? Your options are:
1. Car Loan
2. Car Finance
3. Car Hire Purchase
4. Car Lease Purchase
5. Personal Contact Purchase
6. Car refinance
Still confused – read on for the pros and cons of each and it might make it a bit clearer for you
Car Loan – like an ordinary loan where you borrow money for a car and agree to pay it back over a set period of time.
Car Finance – Car Finance allows you to get the car you want through the use of traditional car finance
Car Refinance – car refinance allows you to borrow money against your car and free up some cash.
Car Hire Purchase - Car Hire Purchase allows you to arrange finance and pay for the car over a set amount of time.
Car Lease Purchase – Car lease Purchase allows you to pay for the car as you go, with an option at the end of a set period to return the car, get a new model and a new deal or for a lump sum pay for the car outright.
Personal Contact Purchase – Allows you to have lower monthly payments, as well with a minimum future value of the car makes this perfect for the individual.
Click on any of the links for further information, it will be worth the read.
