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Finance confusion: new scheme to help drivers pick more honest dealers

Finance confusion

The customer thinks he understands what the dealer’s saying but actually he could be about to buy something he doesn’t need

Finance confusion is leading drivers to feel as if they’ve been overcharged or mis-sold products when they buy a car. But that could be about to change.

Dealers selling financial packages are being encouraged to sign up to a new accreditation scheme. This will enable customers to tell instantly whether their dealer has any code of conduct to abide by when selling financial and insurance products. The aim is to stop dealers bamboozling car buyers with confusing jargon to sell them things they may not need.

What’s behind the changes?

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What’s the best way of financing a new car purchase?

Financing a car

Smashing this little fella or taking a loan? What’s the best way to finance a car?

Recent rises in new car sales have been fuelled by drivers using finance to buy the car of their dreams. But with so many different types of finance, many motorists are unsure which is best for their needs, and which will prove the most affordable. If you’re one of the majority of car buyers that’s happy to pay a monthly sum for their motoring rather than owning a car outright, it pays to do your homework and compare products, just as you would compare cars. Here we look at the main ways of financing a new car through the pros and cons of each.

Buying outright

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