Low New Car Price vs Finance APR

hbc1981

Hi,

Apologies if this has been addressed before.

I'm looking to buy a new car. With some of the broker sites it will cost approx £20K after discounts.

I want to take it on a Personal Contract Purchase (or even PCH) plan as I'm pretty sure I will want to return the car in 3 years.

Am I right in thinking I have to trade off the price I get from the broker against the finance quote they give me?

e.g. I've found the car cheapest on one site, but the APR / min guaranteed value makes the finance more expensive per month than elsewhere.

Is there any room for negotiation on APR?

I presume the only way I can get my own better finance deal is by taking a seperate car loan for the car, which then obviously means the responsibility shifts to me to sell after 3 years and see what I can get for it?

There is no way I can independently borrow the money to pay for the 3 year period and then return after 3 years?

Just wanted to clarify as I'm driving myself a bit mad!

Thanks,

hbc