Insurance or Finance? Decide What’s Best for You


If there is any person that wants to buy a new or a used car then there is a huge range of options to choose from in terms of manufacturer, type of car, gas, diesel or electric etc. People who advertise “buy my car” are usually those who are advertising cars that are in good condition. But, they have used cars. There is absolutely no harm in buying used cars because they come at cheap prices and are pretty much the same as buying new cars. But, who are we to change the mind of someone. Whatever the individual chooses to buy in the end, it is very important from the outset to understand the various additional costs that can be incurred by either choosing the wrong type of finance or not appreciating what insurance costs could be involved.

There are some people that buy a new car and will need to arrange some type of finance to fund it. There are some as well who will literally be cash buyers but they are few and far between. The majority of people will look to some type of finance or credit arrangement either with the manufacturer or with another lending institutions such as a bank or credit union.

If you are wanting to buy a brand new car, then it is also well worth considering the option of leasing a car rather than buying it outright. Leasing a car is similar in many ways to a long-term rental, but with a few and advantages and disadvantages. The advantages are that if someone can effectively get a hold of a brand new car that they would not be able to afford to buy. The disadvantages often tend to center around the lease end arrangements, where significant additional costs can be involved to cover extra mileage, additional wear and tear and any damage or deterioration of the actual condition of the automobile.

Whenever a person wants to look to finance a brand new or a used car the manufacturer or their dealership will want a credit application to be filled in. The manufacturer will then use a credit rating agency to obtain a credit score for the single person. This is the kind of credit that will score and can be used as a guide by the manufacturer or the dealership to assess the creditworthiness of the person. It is not easy when it comes to the phrase “buy my car” but with the proper amount of guidance you can surely nail it all. There are a lot of tips that you can follow to get it all right. It all depends on you whether you wish to buy a brand new or a used.