Hello

I am thinking of buying a 2/3 year old car for about £6.000 from a Approved used car dealer .

I intend to pay £3.000 dep and the rest over 3 years .

Or would it be better getting a bank loan for the balance ie £3.000 and paying cash .

And would buying it that way give me more scoop in getting a better deal

Thank you

Bob

I

Bob -- If you're able to get a personal loan they usually come much cheaper than car finance deals, just compare the APR% before you decide.

Haggle the deal out before you tell them you're intending to pay by cash because they will not be earning any commission from arranging the finance, so get the lowest price possible for the car agreed beforehand, also get as much guarantee thrown in for free with the deal.

Don't let them pressure you into taking out their own extended warranty, if you require extended warranty it can be bought much cheaper from independent providers like Warranty direct.

Hello

Thank you for your answer ,It was very helpful

Sorry about the delay replying .

Bob

Thanks for that info .

Bob

Sorry, it's been a long week but I can't understand your post here. Could you explain what you mean?

In my experience you definitely do not always get a better deal by paying cash. Do dealers sell to the finance house at a lower price? Dealers are sometimes prepared to give you some of their finance commission as an incentive to "do the deal" hence the finance route can be cheaper.