Sources of Finance

If you are looking to purchase a brand new car but don't have the funds available then you may need to turn to finance.

Where should you turn to finance your new car?

Here are some finance options for you:

Dealership

Pros: Convenient, fast to settle, competitive which will more than likely get you a good deal
Cons: Not worth it if your planning on paying up the loan early

Bank

Pros: Not as good as dealership to be honest, but you can receive good rates from a bank and know what your getting without pressure of ad ons
Cons: Not a personal service unlike dealership

Home equity loan:

Pros: competitive rates if you have equity
Cons: Home equity loans are always risky as you are securing your car against your home

Family member or friend

Pros: Flexible
Cons: May harm your friendship or relationship, money can come between people

In Summary

If you have to seek finance then go for a dealership. Dealers are trained in car finance and will make sure you have a competitive rate.

Dealership recommendation click-car-credit.co.uk