Car finance

April 11, 2009 by admin  
Filed under Car Finance, Finance, Investment

Car finance is usually quite easy to get however you need to be extremely careful with car finance lot of car yards offer in house finance these days and a lot of people fall for this little trick as they think that this is easy and we are guaranteed the finance however you would be better off checking with your local bank as it is usually a few percent cheaper to go through your local bank then a car yard don’t think that the caryard salesman is doing you any favours by knocking a thousands bucks off the car for you and getting you into car finance as most car salesman are taught to try and push finance on to the buyers because the company makes more money selling a car on finance then they would from a cash buyer and it’s usually double what they car is worth considering cars loose value as soon as it’s taken off lot your are in fact loosing

Be careful with car yards offering no interest finance these are usually much higher then you would pay in a general interest rate over a car as they generally jack up the prices to sell the car on the unsuspecting buyer that thinks they are getting a great deal with the car salesman when they are actually shelling out more money then they would if they had of gone to there local bank and took out a personal loan secured over the car
Truth is most people do not think that the bank will lend them money and this is how the end up paying thousands more in interest on there car finance.

Speak Your Mind

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!