retired_irenenieves

I hate the idea of both of them as any financial commitments are kinda scary, but which would you think is the best way to buy a new car?

elisabeth

I got my car on finance but it depends which has the better repayment option / interest rates tbh. Only advantage of the finance option is you can return the car after 24 months and opt out of the agreement.

retired_stevesgrl

how do the two work?

retired_kathydonatto

You will usually get a better APR on a personal loan, finace agreements are usually very expensive especially if you get finance thru the dealer

retired_jhr2211

Personal Loan by far.

retired_kathydonatto

you want to be looking at the APR not the interest rate

retired_irenenieves

Personal loans you get a fixed rate of interest and a fixed repayment amount and term, i.e. £200 per month for 60 months. You can also pay the whole loan off usually if you get the money from somewhere, and pay a fairly small settlement fee etc.

Finance I'm not too sure about, but the interest is usually way higher than a loan and I'm sure there are more terms and conditions than with a loan.

retired_abess

I got 0% finance over 4 years with a 30% deposit when I bought my car. And I got them to price match the price quoted me by a broker.

So naaaaah!

retired_jhr2211

And your finance runs for how long Serps?

retired_kimmymarlo

never through finance imo.