When buying a new or used car there are so many options now available. From personal loans to more specialist finance such as Personal Contract Purchase it leaves a lot of options for which to choose from. So what are all the options and which one is right for you.

Personal Contract Purchase

PCP is fast becoming a very popular method of car finance. You pay a monthly amount towards the purchase of the car and at the end of a pre-defined purchase period you can then choose pay a lump sum to buy the car or just return the car with no obligation. This style of finance is great for those people who like to change their car on a regular basis but do not want to pay the full amount for a new car.

Hire Purchase

This is the more traditional way to buy a car. You enter into a contract to buy the car over a certain period of time during which pay the car off in monthly instalments. At the end of this period the car is paid for and legally becomes yours. As a Hire Purchase is effectively a secured loan if you miss any payments then the seller has a right to repossess the car.

Lease Purchase

Lease / Credit Purchase is similar to a Personal Contract Purchase (PCP) in that a lump sum amount is deferred to the end of the agreement. This lump sum reduces the regular monthly payments and allows you to purchase a more expensive care than you thought possible.

Unlike PCP a lease Purchase offers no option to return the vehicle to the finance company at the end of the agreed contract period. It is up to the customer to settle the final balloon payment through additional finance, cash or part-exchange with the finance company.

Contract Hire

This is an agreement where a rental is paid in return for the vehicle over a period of 1, 2, 3 or 4 years. It is ideal if your business prefers to reduce its financial risk by not owning the vehicle and having to deal with the administration with new cars and also worrying about the value of the car over time.

As a business you may also be able to apportion some of the rentals towards tax relief if you are VAT registered. Contract Hire is also deemed to be an operating and is regarded differently to purchase contracts. As a result your business may benefit from other tax advantages.

Contract Hire payments are specific to the car you buy and are also dependent on the amount of mileage the car will do each year. A deposit will have to be paid and this normally amounts to 3 months of the contract hire payment.

Conclusion

There are so many car finance options now available it would be hard to see why you cannot get your hands on whatever car you wanted, within reason. If you don’t fancy taking on car finance then you can also look at secured or personal loans if you think it would work out cheaper or easier to make your dream car purchase.

By: Paul Hockney

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Auto insurance rates are funny things. There may come a time when an insurance company will offer you a particular rate, yet offer a friend a completely different one. Many things factor into how insurance rates vary from one individual to another, the different parts of the country, or even one insurance company to another. Before you purchase an auto insurance policy, it is highly recommended that you compare rates between several companies so you get the best rate possible. Of course, comparing insurance prices is a wise idea.

Our rates may go up and down with the current market. They can go up whenever there is additional risk involved in the insurance policy. The higher of a risk that you pose, the higher your premiums will be to cover that risk. For example, if someone have gotten into several traffic violations, their insurance rates are likely to go up. Their risk has now increased. The risk to cover a teenage driver who is inexperienced is higher, so the insurance company will want more money to insure them than a lower-risk driver.

The company also makes the car insurance decisions. Some insurance companies will offer more benefits to those that have multiple insurance policies with them. Others will offer discounted rates to individuals that have good students. Still, there are excellent rates for individuals that have good credit scores too. Yet, even with all of this determined, there are still many other factors that go into the insurance rates that a company will offer to you. This only includes the costs that are charged by the insurance company. other offer lower rates than others

Shopping around for the lowest insurance rates for your auto is essential. You’ll find it pays to shop around as some companies offer lower rates for apparently no reason at all! Secure the date to analyze them and conserve money on insurance.

By: Ian E. Wright

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The adventure doesn’t stop after you purchase a new or used car because there are a lot of things to do. Investing to make your car comfortable and classy is actually no end. accessories are the first expenditure that your newly purchased car will surely demand. For some people their cars would not be complete with missing car accessories.

Accessories can be grouped as interior and exterior by which the same products contributes greatly to the beautification of your car. One is for sure, accessories are one thing you just can’t ignore because it can make your car look better at the same time giving you the feeling of comfortable and smooth driving experience.

Types of Car Accessories

Like the passion of creating and developing new car models from various manufacturers, car accessories also undergone innovations and improvements. There are several types of car accessories that you can choose to add to your cars.

1. Car Alarms – whenever there is an attempt to intrude and steal your car, this state of the art technology can make your car more safe and secured making it one of the must have. You can choose from the different features of alarms which best suits your needs and preferences.

2. Cruise Control – this is one that can give you other benefits like fuel saving aside from the comfort it can provide. Cruise control is a accessory that is best for long driving trips which allows the driver to set the speed of the car without keeping his foot on the pedal.

3. Detailing – give your car additional value by restoring the car shine and fragrance. Detailing service includes buff & polish, engine steam clean, cleaning of dashboard, door jams and inner trims, etc.

4. Leather Trims – these accessories also add up to the value of your car. There is wide range of colours, materials and styles you can choose to give your car luxury, comfort and pleasurable driving experience.

5. Reverse Sensors – is one of the must-haves accessories by which can protect your car from scratches and damages but most of all protect also the properties and even lives of someone behind your car while doing the reversing.

6. Sunroofs – these accessories lets you experience the ‘cabrio feeling’ and let fresh air and sunlight come in. Moreover, it can add up to resale value of your car as well as with the artistic and comfort.

7. Windows Tint – one of the car accessories which can protect the interiors and as well as yourself from damages by which the UV rays of the sun can cause. It is also believed that by keeping your car cool with windows tint, you are able to save fuel energy as well.

Whatever accessories you prefer to gear up your vehicles, what is important is it benefits you in the long run and able to give your investment’s worth. Look for the best dealer for you to also have the best products. Do some researches first, know the reputation of the car accessories dealer and look for the best deals that suit your budget. Make your car out stand others by equipping them with best and efficient.

By: Sam Decausta

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