Need Finance? - we are here to help you decide

Question: Am I better off taking a longer-term finance deal?

Answer: The longer the finance term, the more you will pay in interest (unless it's a 0% interest deal). However, a four or five year deal will make your monthly payments more manageable than a two or three year term.


Question: Are there any other charges?

Answer: You should always find out the following before signing a finance deal:

• Is there a final payment?
• Are there any extra charges at the end of the finance term?
• Are there any extra charges for early settlement?
• Are there extras, such as GAP (Guaranteed Asset Protection) or payment protection?
• Make sure the interest rate you have been quoted is the APR rather than the flat rate.

Question: How can I make sure I'm getting the best deal?

Answer: Most people only think of their bank or dealer to finance their vehicle. Shopping around for quotes on the internet can save you pounds. The more loans you can compare, the more likely it is that you'll find a better deal. Moneysupermarket.com is a good place to start as they compare over 400 loans.


Question: What happens if I settle the loan early?

Answer: Read the small print to make sure there are no penalties for early settlement.