Learn How to Benefit From Buying Cars on Finance

Learn How to Benefit From Buying Cars on Finance

Many of us assume that the best way to buy a new car is to use our own savings. However there has never been a better time to take out finance deals. Borrowing rates are competitive and it could actually work out to be more cost effective for you to buy cars on finance and leave your savings where they are.

There are many ways in which you can make car finance work best for you. It does pay to learn as much as possible before you sign up to any agreements. Making the most of buying cars on finance requires a good understanding of the market. Here are a few tips to get you started.

1. Only Borrow What You Need

When you approach buying cars on finance it is important that you only borrow what you need. The best way to start is too decide what type of car you need. Take a look around at the makes and models available that would suit your purpose. This will give you a good idea of what you need to borrow when it comes to finding a loan.

Many people start by finding out how much they could borrow and …

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Land of the Rising Reputations - Survey Finds Top Seven Most Reliable Car-Makers Are All Japanese

Land of the Rising Reputations – Survey Finds Top Seven Most Reliable Car-Makers Are All Japanese

The only non-Japanese makes to achieve a top ten place were Skoda, Kia and Mini, in eighth, ninth and 10th respectively. Skoda builds most of its cars in the Czech Republic, while Kia is Malaysian, and Mini, of course, builds many of the models, which would have been included in the survey, in Cowley, just outside Oxford.

The survey used data taken from Warranty Direct’s 50,000 ‘live’ policies, which cover cars between three and 10 years old. There was bad news for British car-makers in the survey, as out of the 32 car makes it covered, four were British – with Land Rover faring the worst of all, with MG, Vauxhall and Rover also in the bottom 10, at fifth, sixth and ninth lowest-ranked respectively.

Just one in 14 (seven per cent) of Hondas covered by Warranty Direct policies needed attention during 2009, the survey found, while more than half (53 per cent) of Land Rovers subject to such cover had to be returned for repairs. Honda’s top place was its fifth in a row in this survey.

The cars studied were all between three and 10 years old, which is the age range of most of the used cars …

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