Car finance
Nov 14th 2007, 12:14 pm
#1
Ok this isn't so bad
Thread Starter
Joined: Aug 2005
Location: Dundee (Scotland) now Bayside Brisbane
Posts: 4,824
Car finance
Hello one and all.
Looking for a bit of advice. Loveable car is about to pack in and we need a reliable motor pronto. Will need to finance it. Question is do we get the finance from the car company (would never dream of this in UK) or go to the bank? Anyone any experience / input?
Cheers
Ginny
Looking for a bit of advice. Loveable car is about to pack in and we need a reliable motor pronto. Will need to finance it. Question is do we get the finance from the car company (would never dream of this in UK) or go to the bank? Anyone any experience / input?
Cheers
Ginny
Nov 14th 2007, 2:56 pm
#2
BE Forum Addict
Joined: Aug 2005
Posts: 2,322
Re: Car finance
If it's anything like the uk - check the APR figures between banks (do you have price comparison websites over there?). Car dealers will always offer you a high rate initially and then negotiate the APR downwards...
Also, bear in mind that in the UK dealers often quote a 'flat rate' this sounds tempting as a 'flat rate' of say 3.5% equates to around 12% apr - so not such a good deal after all!!
Make sure you're quoted the APR
Also, bear in mind that in the UK dealers often quote a 'flat rate' this sounds tempting as a 'flat rate' of say 3.5% equates to around 12% apr - so not such a good deal after all!!
Make sure you're quoted the APR
