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Should i finance a new car?
Comments
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If you are not intending to keep your car after the financing period is up, all potential finance products are available to you lease (contract hire), PCP, HP etc. I would recommend adding up all the costs of any of the deals and going with the cheapest (as the car is not a variable). Unfortunately, this is definitely a case of looking at the small print for arrangement fees, penalties and the like. If the finance cost is 5% and you get 10% on the cash in the bank - finance it. If it's the other way around, then don't.0
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I would avoid PCP and consider leasing. Something like this:
http://www.simpsonsskoda.co.uk/new-car-offers/may-fabia-149-fb/0 -
Finance or to pay from my savings that is the problem.
savings all the way in my opinion
people will tell you how great the deals are, but this is compared to buying a new car every few years, which is already very expensive. Unless that is what you would be doing otherwise then I wouldn't even consider it.0
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