Finance options

[Mookie81]

Hi all,
We are looking to buy a new car but we're unsure about which finance option to go for.
Which is best out of:
1- paying a deposit then monthly repayments until car is paid off and yours.
2- smaller monthly repayments then a lump sum at the end/giving back car/exchanging for another car and starting again
3- something I haven't thought of

Thanks in advance.

Bump

There is no best. It depends on your personal circumstances. You may as well be asking which length of string is the best. No help, but true.

Appreciate the reply Lifecraft.

Buy a nearly new one - a year or a few years old with low mileage. You’d need to to compare finance deals with personal loans from the bank, but you’ll save about a third on depreciation

Thank you Hermione.