Which Car Should I Buy on Finance? October 17, 2019

One you’ve found the best car finance deals, filled in your loan application, and know exactly how much you can borrow, it will be time to start looking for the best car for you. We won’t restrict you to any particular dealers; you will be welcome to choose from any reputable UK dealer, giving you the freedom and flexibility to choose the right car to suit your needs.

But with so much choice, it can be difficult to make a decision. Here is a rundown of some of the key considerations…

Holding Value and Low Running Cost

It goes without saying that cars well-known for retaining value make for the best long-term investments – whether your finance deal is based on a calculated Guaranteed Minimum Future Value, or you plan on taking legal ownership of your car at the end of the agreement. Some of the best brands for retaining value are Mini, Audi, Ford, Volkswagen, Vauxhaull and Kia, which means that whether you’re looking for a city car, something sporty, or need space for a growing family, you should be able to find a good investment with strong long-term value.

The day-to-day running cost of a car is also an important factor to consider. Some of the top cars for both retaining value and low running costs are the Kia Picanto 1.1, the Vauxhaull Corsa 1.4 EcoFLEX, and the Volkswagen uP! 1.0.

When to Buy

Knowing when and where to look for bargains makes a big difference to the cost of financing a new car. Obviously, you will be likely to find better deals on convertibles in the autumn and winter, but there are other ways to find cheap car finance deals throughout the year.

Since dealers often work to quarterly-based targets, the best deals can often be found around the end of March, June, September and December – but don’t leave it to the last day, when targets may have been met. Dealers often hold Boxing Day sales, and also sell fewer cars in January, which means more opportunities to bargain.

What’s more, since it takes only a few minutes to apply for car finance deals through Car Finance Giant, the deals won’t pass you by. Once your finance has been guaranteed, you will be free to arrange collection of your chosen car – even on the same day. We are always on hand to get you behind the wheel of a new car with no deposit quickly and affordably.

We have over 10 years’ experience in helping our customers find affordable and suitable vehicles, and understand that everyone has different requirements, which is why we offer our members access to an exclusive database of over 300,000 cars from trusted UK dealerships. We can offer advice cars that will prove to be cost-effect and economical investments – as well as the best car finance deals for you.

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