Car Loan

MNM2903

agree with macman, my friend buys and sells cars and they depreciate so fast once they leave the show room. Get something 1 or 2 years old at least. Not just for the fact its less money but i hear several people who know about cars saying that they are better when they have done a few miles and the engines been broken in.

mardatha

That's an idea - will tell the hubby this - thanks.

CLAPTON

mardatha wrote: »

Thanks everybody (apart from the plonker at the end there).
We're retired and want this to be our last car, hence going for a brand new one which requires finance Very helpful, thank you !

no disrespect intended as I don't know your circumstances, but if you are retired is it wise to take a loan especially for a new car?

Pixie5740

mardatha wrote: »

Thanks everybody (apart from the plonker at the end there).
We're retired and want this to be our last car, hence going for a brand new one which requires finance Very helpful, thank you !

If you are absolutely set on getting finance then I would take the finance from the dealer which would allow me to negotiate more money off the car. I got £2k off my last car going this but then I paid the finance off in full. So you could get the dealer's finance to get the discount and then get a personal loan to pay off the dealer's finance if the personal loan works out to be cheaper in the long run.

mardatha

Well we've only ever had 2 car loans and paid both off within a few months, so I expect we'll do the same again. Thanks