What is a car finance agreement?
If you buy a car using finance, there’s a credit agreement between you and the lender. This allows you to pay for the car over a period of time, with interest payable on the loan balance. This is what’s called a car finance agreement.
I want to buy a car – what are the different types of finance options available to me?
Whether you’re buying new or used, a car is a significant purchase. You can, of course, buy your next car outright if you’re lucky enough to have the funds available, but most people need to rely on a finance option. There are four main types of car finance available:
What’s the best car finance option for me?
If you’re looking at using finance to buy a car, first think about the type of deal you want. These include personal loan, lease, hire purchase and PCP. Once you’ve decided on the type, you need to choose a lender that offers the best deal for your needs. AA Car Finance only offers hire purchase.AA Car Finance FAQs