Car Finance Vs P-loan

182taunton

Hi guys,
im looking into getting a new car on finance but i think i would get a better deal through a bank loan, but im more confident about getting car finance as they dont seem to be as strict.

Im worried if i apply for a personel loan and get rejected it might effect my chances with the finance. Any advce appreciated.Liam

TAG

If you buy a car with a personal loan from the bank then the car is 'yours' from day one.

If you do it through car finance it's 'theirs' till you make the final payment.

IMHO I would be inclined to buy a car with a personal loan rather than through car finance.

Or you could do what I did and buy from a car auction. My car maybe a shed but it's my shed and it gets me from a to b and only cost me £300.

CHR15

There's a good reason they are not as strict.

They will make a huge sum of money out of you through their high interest rate.

Go to the bank.