Looking at buying a car on finance? Then this video is perfect for YOU! In this video, I explain the different types of car finance out there, other options available, and the pros/cons of each one! I also give my honest opinion and personal experience using car finance.
This is another sit-down explanation video that I feel was needed as I noticed more and more car finance questions online. I try to answer the question, "Is car finance right for you?" and if so, which type of finance option would be best suited to your circumstances. I look at the pros and cons of each one. Including the type of agreement and what you have to do for each type of car finance option. Let me know in the comments below if you feel this video was beneficial for you and if you would like to see more similar content in the future.
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Timeline:
0:00 - 0:10 - Looking at buying a car on finance...
0:11 - 1:44 - Introduction to Car Finance
1:45 - 3:27 - PCP (Personal Contract Purchase)
3:28 - 5:52 - HP (Hire Purchase)
5:53 - 7:49 - Bank Loan
7:50 - 9:03 - Leasing
9:04 - 10:04 - Renting
10:05 - 11:04 - Gap Insurance
11:05 - 12:10 - My Personal Experience
12:11 - 13:17 - Outro
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CAR FINANCE EXPLAINED!!! (Is It Right For YOU?)