Car loans – Save money by opting for leasing

Feb 17 2010

It is all very nice to aspire for a car that has taken your fancy but the important thing is to ensure that you have the monetary resources for it. If you can buy it outright, there is nothing like it as you are your own boss and do not have to depend on anybody else. However, if you are stretched for resources, then you can go for Car Loans that are being offered by many lenders. You can also opt for leasing arrangements.
You can get car loans at varying rates of interest. Some do offer zero interest car loans but you may have to forego any discount that they may have otherwise offered you. So it would be better to assess the different offerings before taking the plunge for something that appears attractive at the superficial level.
In this connection, it is worthwhile trying out leasing options as well. When you make your lease payments monthly, you will find that it works out cheaper than the payments you make by way of monthly car loan repayments. The only disadvantage is that you will lose any potential resale value the moment the lease expires.

More from Financial and Loan News

Created Dec 30 2011

Although car sales have taken a beating through much of Europe during the last couple of years, the prognosis for the UK car market in 2012 is considerably less dire, according to experts at Pricewaterhouse Coopers (PwC).

More from Financial and Loan News

Created Jun 22 2011

Ford’s joint venture in China – Changan Ford Mazda Automobile – plans to soon double its annual production of car engines to 750,000 units.

More from Financial and Loan News

Created Jun 20 2011

The popular insurance website Confused.

More from Financial and Loan News

Created Jun 14 2011

The FSA has announced a range of measures aimed at improving complaints handling standards.

More from Financial and Loan News

Created Apr 21 2011

As most car finance buyers are probably aware, part of the responsibility of the FSA (Financial Services Authority) is to protect motorists against dangerous financial practices.

More from Financial and Loan News

Created Apr 20 2011

In a recent interview with AM-Online, General Manager at BMW/Mini Financial Services, Joe Pattinson, expressed a number of opinions that are of interest to ordinary car finance buyers.

More from Financial and Loan News

Created Apr 6 2011

Those involved in the UK car finance industry will be interested to know that the FLA will be presenting a Debt Recovery for Lenders conference in London on the 18th May 2011.

More from Financial and Loan News

Created Mar 30 2011

The 1p a litre reduction in the fuel duty announced by Chancellor George Osborn in his budget speech is not being fully passed on to UK car credit drivers.