Car Finance Considerations

When purchasing a new car on finance it's always good to know exactly what you're paying for to avoid any hidden extras. Here's a few simple steps that will put you in the driving seat when it comes to new car finance:

  1. Always check around for the best loans available, it might not be in the dealers interest for you to shop around but you might get a better deal from a bank
  2. Some dealers will be happy to match other deals, so don't be shy when speaking to them
  3. If your buying a second hand car from a reputable dealership they will have checked the car's history to ensure there are no outstanding Hire Purchase or agreements on it and that it hasn't been stolen or written off by an insurance company
  4. With a Hire Purchase deal you won't be able to sell the car until the full balance has been paid
  5. Use our car finance calculator below to get an idea of what repayments might look like for vehicle prices at different interest rates

If you still have questions, why not checkout the New Car Bundle car finance buyer's guide that has been put together to help you understand the different types of finance available.

Top Tip

Flat rates of interest are often used in illustrations because they appear lower than the APR but are in actual fact more expensive. For example an APR of 7.8% represents better value than a flat rate of 5%.

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Answers to your questions

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Car Finance Calculator

Use our car finance calculator to give you a representation of what vehicle repayments might look like at different interest rates (fixed and APR). Adjust the vehicle purchase price, initial deposit and loan term to see how this affects the finance package available.

% months

Your Finance Summary

48 Monthly Payments of
Contract Term
48 months
Total Amount Payable
Total Interest Charged

†Our car finance calculator is for illustration purposes only. Vehicle finance at the above rates may not be available. Always check with the New Car Bundle team for our latest finance deals on vehicles available.