Motorists lured into finance deals that are £5,600 cheaper than buying cars outright

  • 📰 TheSun
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

DRIVERS are being lured into finance deals that are up to £5,600 cheaper than buying the same car outright. Dealerships have been found to slash prices by an average of 11.6 per cent, or £4,102, if…

This compares to an average saving of £2,881, or 8 per cent, offered to motorists who choose to buy with cash.

Nissan was found to be the brand that offered the biggest discount in terms of percentage, slashing prices by 14.04 per cent or £3,346.IT'S important to go into any contract with full knowledge of what you’re signing up to.In most contracts where you don’t own the car outright there will be a mileage limit – often 10,000 but lower on smaller models. If you’re doing a lot of commuting it’s easy to breach these and end of contract excess charges are steep.

There are a number of different ways to purchase a car on finance, including personal contract purchase and hire purchase .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 64. in BUSİNESS

Business Business Latest News, Business Business Headlines