Could car finance work for you?

Choosing the right financial package for your new car can be difficult, given the increasing number of appealing deals available. In any case, you'll first have to check that car finance is right for you. We understand that individual drivers take various considerations into account when choosing their next car, and we've listed some of the key points below.

First of all, it's important to consider whether you'd benefit from a new or approved used model. Used cars offer real financial benefits in the short-term, but choosing an economical and reliable new model could reduce your running and service costs over the years. If you opt for a new model, car finance could be ideal.

You should also take insurance into account. Research from MoneySupermarket shows that new cars are commonly cheaper to insure than used models. If you choose a car finance option from a dealer like Lookers you'll usually benefit from free insurance.

If you decide that a new car on a finance package is right for you, it's then important to assess all of the options available. Take the annual percentage rate (APR) into account and if there is any help available with deposit payments.

At Lookers you'll be able to choose from car finance options including: business car contract hire, personal contract hire, lease purchase, hire purchase, PCP contract purchase, and finance lease.

To find out about these in greater detail you can view our other helpful guides, or contact the Lookers team today.