When looking for car credit finance it can be confusing. The terms and conditions that come with loans are filled with jargon that isnt always explained clearly and APR can be misleading if you dont know what you are looking at, sometimes giving the impression that you are getting a cheap loan when in fact it doesnt work that way once additional costs and fees have been added in.
Unless you absolutely know everything about car credit finance then you are better off going to a specialist car finance provider and relying on their expertise to find you the best deal with the cheapest APR. The APR is the rate of interest that you pay, but some lenders will quote APR rates for weekly or monthly terms which can be confusing when making comparisons, making it difficult to calculate the over cost of the borrowing.
Before you put your loan into the hands of a specialist you have to first determine how much you can realistically afford to borrow and pay back. You also have to decide if a fixed rate of interest would be better or a variable rate. A specialist can help you decide and you also have to define a line between how much you can afford to pay back each month. The...