Car finance vs bank loan

[dancemom]

I'm about to buy a car on finance for the first time, I think I would get a better rate on a bank loan than on car finance but anything else I should take into consideration?

As you said, a bank loan is likely to be a lower APR. If the car is under £30,000 then insist on paying a small deposit on your credit card so you have section 75 protection on the purchase. We did that on a new car we bought.

That's a good tip, thank you

look at the deal, as sometimes if there’s an offer you can get a better rate from the finance Comapny but bank is normally cheaper

my own rule is to borrow as little as I can over as short a period as I can for as cheaply as we can. Last time I bought a car with borrowed money we put it on a 0% credit card.