An often asked question by students, particularly those which have recently passed their driving test, is what are the cheapest and most financially viable options to consider when purchasing a car?
Ultimately, there are a number of factors to consider when choosing the most suitable option for you; factors such as make and model of vehicle desired, likely depreciation in value of the vehicle over the set period, and terms of the deal being just a few.
Generally, the options are as follows:
- A brand new car bought outright (either with cash, or finance package)
- A second-hand car bought outright (again, with cash or finance package)
- Buying used at auction
- Leasing a new car
Should you currently be in the predicament of trying to decide which is the cheapest and most financially viable method for you, I have stumbled upon an article which nicely breaks down the pros and cons of each option available.
Please follow the link below to read the article:
http://uk.finance.yahoo.com/news/whats-the-cheapest-way-to-buy-a-car-101650873.html
Stay safe folks!
Chris
http://www.chrischambers-som.com
https://www.facebook.com/drivingschoolssunderland/posts/642484989125536