Financing a car

One of our friends was recounting how they bought a car and to finance it, took out a loan. The interesting thing was that their decision was based on the advise of the salesman at the dealer where they bought the car. According to them, the salesman made it sound so attractive and that they were the best deal around. However, as they later found out, that was really not the case.

It's not surprising as I also financed my previous car - Proton, with a bank recommended by the dealership. Talking to a few other friends also confirmed the same thing. That is apart from a few other guys who were wiser because of prior experience. They had done their research and went with a lender that gave them the best deal.

It's amazing with a wealth of information at our fingertips on the web we still depend on the salespeople at dealerships for our financing. There are numerous sources on the web that can provide comparisons between the various offers available.

If you are looking to finance car purchases, do check out the the car finance section of the Motors Today (http://www.motorstoday.co.uk) website. They have links and information relating to loans, insurance and a link to HPI, a UK Company specialised in checking the histories of used cars.

They also a car tax calculator that will show the tax payable for the next three years. As for insurance, the company has paired up with Money Supermarket so that you can instantly compare quotes from leading UK motor insurers.