Stoneacre Car Finance help

annannanna

I have my driving test this week so have been looking to purchase my first car. I went to Stoneacre today as I saw they had some good deals.

They have said I can get sign up for car finance for a new Fiat Punto paying £150 a month with insurance included, road tax included and all servicing included. Then after 12 months I can upgrade the car and they will cancel the original finance and start a new one and so on each year.

Sounded too good to be true to me, kind of like you are just renting the car for the year and then getting a new one each year.

However, thinking about it now, will I end up with a huge bill at the end of it? I can't understand how it works. Should I stay away from this of does it sound like a good deal?

Thanks
Anna

MARKBLACK

Hi please be careful, I remember thinking they had some good deals............!
I purchased 2 cars from them they topped up my loan with all kinds of insurance without me fully understanding value - lets say
car 1 was purchased for £6,999 if I was to pay for it over 60 months I would payback £14,000
car 2 £8,000 £15,000 payback - what a fool Iv'e been.

If you do go ahead ( I hope you don't) don't let the saleman take charge stop him every step of the way. Remind him you are going to be paying for it, not him