Market Watch: Cash or finance?

How do you like to buy your cars? Finance or cash? The word ‘finance’ once made people frown. It induced scepticism. There was a belief that it wasn’t really your car, that the monthly payments added up to way beyond the list price, and just what was the dealer getting out of it?

But finance isn’t and shouldn’t be scary, and it may work much better for you than buying with cash. Around 60 to 70 per cent of Alexanders’ customers buy their cars on finance – many via our own in-house finance department – and it’s easy to see why.

You don’t need the large amount of capital to buy the car in the first place; you can change as frequently as you like, with reduced costs in between; it’s easy to budget from month to month; and at the end of it, with the final payment made, it’s yours.

Don’t be afraid to look at the options.