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I have been looking for a new car on autotrader and noticed they let you choose "pay monthly" limit now and im guessing this finance is through autotrader? Has anyone had any experience with there finance deals?
Thought I would ask here first before I go view the car. I have inquired with banks and other finance companies but because I want to borrow less than 5k the % seems to the sky high. On the other hand autotrader % APR doesn't seem to bad. I only want to be spending around £100 a month with £2500 deposit.
Thanks in advance
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Compare this, for the same outlay, to having a 6 year old car on a personal loan and you can see the benefits of going PCP. I have had PCP's on my wife's car for nearly 20 years and the monthly costs are in real terms much the same still. We are on our fourth Hyundai I-10 and the deal includes free servicing. It is a very low cost compared to buying.
It is worth checking out. Get in before the end of the month as this is the best time to buy whilst dealers are chasing the end of quarter manufacturers bonus.
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it wont be for very long and what is the rate after the honeymoon period