Car Lease Purchase – Pros and Cons of each and how you can make the msot of it.

by

Spot Biddle

When you are looking for car finance you should look for an independent financial adviser or IFA as they are known. As their title states they are independent of any company or product and work to get whats best for you.rnrnThis means you will have the car for the duration of the lease, pay a rental figure on it with the option at the end of the deal to pay a lump sum to keep the car, if you dont want the car you simply return it to the dealer.rnrnThere are lots of advices guides on the web you can use when looking for a personal contract purchase deal (or lease purchase as it\’s otherwise known). Make sure you look for the recommended price of the car you are looking for and make a note of important information such as manufacturers\’ recalls.rnrnOn a lease purchase deal you can dramatically reduce your monthly repayments but keep your dream car. Just by restructuring your agreement or moving onto a different deal it could lead to lower car payments per month.rnrnIf you planning on buying a new car and do not want to go down the hire or lease purchase route you could always apply for car finance, or a car loan. With this option you will need to make a down payment, we tend to look at it as the deposit, and then you will pay monthly instalments to your loan company over a set number of years.rnrnWith this option if you do not keep up the repayments they may take the car from you. This type of finance either comes as a loan, say from your bank or building society, or from the dealer or a specialist car finance broker.

IFA Car Finance are Specialist in

Car Loans

,

Car Refinance

and

Car Hire purchase

.

Article Source:

eArticlesOnline.com

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