The best way to buy and finance a car in 2017

If your car is old, always breaking down or simply becoming a bit of an embarrassment, you’re probably thinking about replacing it. But buying a new or used car can seem like a daunting prospect: do you ask the bank for a loan, go with one of the finance companies’ options or sign up to a lease deal? What will cost you the least money each month, saving your budget for all your other expenses, or are you more concerned about what the deal will cost you in total over the long term? New car or preloved car? While buying a spanking new motor might seem like the best option – lower running costs, fewer breakdowns and the cachet of driving the latest model – it’s worth remembering that the average new car will lose almost 50 per cent of its sale value over the first three years that you drive it. That’s just the average depreciation; many cars lose their value much faster than that with makes like Peugeot, Citroen and Fiat losing up to two thirds of their value over those three
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