Getting a new car can be a stressful time, especially if you rely on driving for work and getting around. If, like many, you can’t afford to buy a new car upfront, then car finance could be the answer to your problems.
The main benefit of finance is of course sidestepping the huge cash outlay of buying a car all at once. With a fixed APR and a clear monthly plan you can see exactly what you’re paying and when, plus you don’t have to wipe out your savings meaning you’re covered if the worst should happen to your car. Stretching the cost out over time makes buying a car more manageable because you can pay while you earn and factor it in to your monthly budget.
Car financing has many other benefits as it usually allows you to buy a much better or newer car than you could afford to buy upfront; this gives you added reliability, and can save you the money and hassle of repairing an older model. Many deals also come with insurance included, meaning one less thing for you to worry about.
Importantly, unlike most bank loans, you can even get car finance if you have bad credit as the loans are usually secured against the car itself. There are no hidden costs and repayments are fixed giving you added comfort and security.
Car finance is a safe, clear and practical way to driving the car of your dreams.