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HP finance vs. leasing (PCP)

There are many ways to get car credit, two of them are HP financing and the other is Leasing or Personal Contract Purchase.

When taking out a hire purchase (HP) agreement there is a large deposit to put down. This can be between twenty and fifty percent and the balance of the car’s cost is divided over the term of the HP agreement. When the agreement comes to an end the car belong to the driver. The car will of course be worth less than the original price because of depreciation.

The other method of getting car credit is though leasing by way of a PCP agreement. This means you can walk away from your car at the end of the agreement and are not tied in to buy it. It is quite a new way of financing your car purchase. A driver puts down a low initial deposit and then pays a lower amount back each month. At the end of the agreement the driver can either give the car back with nothing to pay (although this depends on the condition of the car and the mileage), they can own the car by paying the final amount or take out another PCP agreement on a different car. This method means you can have the car you wish, even if it would ordinarily be out of your price range, but it wouldn’t be yours unless you could afford to pay it off at the end of the agreed term.

HP finance vs leasing

The lease period on both types of lease is between two and four years typically. With an HP agreement you can repay the balance at any time. There are ways you can lower your monthly payments on both types of agreement. The higher the deposit, the lower the monthly costs. Also, the longer the lease period the lower the monthly payments will be too.

These types of car credit can suit a great many people. Do your research and work out which might be the best offer for you. IF you know you may have some money at the end of the lease agreement then you can buy the car with the PCP type lease, if you don’t this option can still work as you can simply get a new PCP agreement and get a new car. If this agreement is over a long period then it really can work out well, as you get a new car every four years but have lower payment to make than you would if you took out a HP lease. An HP lease though is good for those people who actually want to own their car at the end of the agreement and aren’t that bothered about buying a new car after the agreement has ended.

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The True Expenses Lurking Behind the Quest for Car Ownership

Are you really thinking about owning your first car? Perhaps you’ve been relying on public transportation for a while, or you have a good car pool system downpat but you still want a little more freedom. There’s a lot of push behind giving up one’s vehicle and just riding your bike or otherwise getting around on your own power. Some people turn to big carpooling rings that split gas and maintenance costs. No matter how you get from point A to point B, one thing is clear — you’re going to need to figure out your options. Getting a car is something that we don’t suggest that you take lightly, but the truth of the matter is that now isn’t the time where you want to be paralyzed by all of the decisions that you have to make. The truth is that owning a car is a great thing, and we don’t think that everyone should avoid owning a car just because of a few blog articles. The reality here is that you are definitely going tow ant to make absolutely sure that you focus on the bigger picture — and the bigger picture right now is making sure that you can get working transportation for yourself.

There is a certain freedom in really making sure that you have what you’re looking for in terms of the car you want. However, that’s not quite what we’re focusing on today. You see, you’re going to need to really think about the type of expenses that will come along with the car.

The first is obviously the maintenance required with the car. While a lot of people dream about a luxury car, they often forget that these high end cars are highly electronic. That means that if the electronic system goes down, you’re looking at a lot of money that will need to be shelled out in order to keep that car on the road. So you will want to look at your budget and really make sure that you can afford the payments as well as the maintenance.

The allure of buying a car in the holiday season is all of the year end offers that come up. You will need to crunch the numbers and determine how much car you can afford, and then estimate your payments. Do you want to get to a point where you’re having to pare down your grocery bill in order to really be able to take care of your car? Nobody wants to make that type of decision, and it’s best not to put yourself in that situation.

Gas is another issue that you’re going to have to face when it comes to the overall expenses with your vehicle. Gas prices come and go, but they tend to rise over time. If there’s an increase in demand — such as around the holiday season — then your costs are going to go up. Of course, that’s something that you already plan for.

Don’t forget about taxes, registration, and other issues of that sort. You don’t want to find yourself not being able to get things done just because your car tags are busted. These aren’t emergencies in the traditional sense — just things that you might overlook.

Another thing that you will want to keep in mind is that insurance needs to be as high as possible for a new car — which can throw off your costs. Always get an insurance quote for a car before you sign on the dotted line. The insurance and the taxes and the car payment might be a little too much for you to handle and it could lead you to losing the car in the long run.

Keep all of these things in mind and you’ll have a much smoother experiencing owning your new car!

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5 Simple car buying tips

Buying a car isn’t something you do everyday. It is a tedious process that takes a lot of time, patience, and money. In order for you to get the best deal on your and potentially save a lot of money, you should adhere to the following tips.

Tip 1. Review your credit – The worst thing you want to do is buy a car with a bad credit score. Before you decide to buy your car, make sure you get a copy of your credit report. If you have a high enough credit score, you might qualify for special dealer incentives and lower interest rates. If your credit score isn’t up to par you should take a few months to improve your credit score. The money you will save by buying with a higher credit score is worth waiting a few months. Someone with excellent credit, a score ranging from 720-850 can get a car loan for as little as 5.1% APR. In contrast, someone with the absolute worst credit score of 500-589 can pay as much as 15.8% in APR.

Tip 2. Purchase a used car – Yes it’s true, the unique smell of a brand new car is very aromatic. But, at the same time, you can save a whole bunch of money by simply buying a used car. When I talk about a used car, I’m not talking about some old beat-up clunker. I’m talking about a car that’s barely used; a car that almost new. You can save a lot of money by simply buying a car that’s a few months to a year old. As soon as a car is driven off the lot, it loses money. Be smart and purchase a car that is used.

Tip 3. Get a CARFAX history report
– It is important to check out a car’s history. Nowadays, most dealers will include a free CARFAX history report for the car you’re buying. If a free history report isn’t included, don’t be cheap. Pay the $20 fee and order your CARFAX history report. In the CARFAX report, you will find valuable information about the car you’re about to purchase, such as: number of owners, its recent locations, accident reports, and “lemon” indicators. The last thing you want to do is purchase a flood vehicle.

Tip 4. Get a good loan – The best way to purchase a car is with cash. If you’re like the majority of car buyers, you will have to take out a loan. Look around the internet for a good loan. There are thousands of banks, online lenders, and credit unions that are willing and ready to give you the loan you need to purchase your car. Visit sites like Bankrate.com to find lenders and their rates. Once you’ve found a good deal, always make sure to put down as much money as possible and to choose the shortest loan period. You don’t want to pay for a car for the next five years. Once you’ve been approved, take the paper work to the car dealership. The rates you get from a bank or online lender is almost always lower than that you would’ve received from the dealer’s financing office.

Tip 5. Research! – With the internet on your side, you have no excuse for not negotiating and getting a good deal. Before you step foot inside a dealership, make sure you have done your research. Find out the car’s MSRP, Kelly Blue Book price, and its other details. When you go to the dealership, make sure you bring this information along with you. Car salesman will often try to get the most money out of a buyer simply because they go unprepared to bargain.

Remember to use these tips the next time you purchase a car and you will save hundreds, if not thousands of dollars on your next car.

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Why I’ll never go for dirty cheap

They say all that glitters isn’t gold, and it’s certainly the case of all that’s cheap isn’t cheap. My sister got a cheap lease car, and with every servicing it cost her an arm and a leg and more. Not helped by the unhelpful ‘sell em high, flog em cheap’ attitude of the people she went to lease from. My experience wasn’t bad at all, as I opted for a local leasing broker who was an accredited BVRLA member. My boss ended up using the same company based on my glowing reference, and he opted for a Golf lease, which he got at a bargain with sign writing included!

car leasing
All I can say is that an experience with car leasing can be brilliant if you choose wisely, and really decide what it is you’re looking for. If you want a cheap car with no frills, then that’s fine, but it’s important to recognise that when you need a car maintained or service you will be forking out more than if you got an all in one deal like I did. Why should you get an all in one package I hear you ask? With servicing, maintenance factored into a lease quote, it doesn’t usually come up to too much more, and there are many who say it’s been fully worth it for the fact that they can just drop their car in for a service without needing to fill in bundles of paper work or forms. Hassle free, easy transport. That’s what I like!

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New Baby on the Way – You need a New Car!

A new car is very important, because it provides safe and reliable transportation. And there’s virtually no group that needs safe and reliable transportation more than a set of new parent. When you know that you have a new baby on the way, you really can’t afford to be stranded in the middle of nowhere. How would you get home? How would you be able to keep your child out of harm’s way? There is something that changes within us when we know that we have a new child on the way. We want to do anything and everything to protect them. We want to make sure that they are going to be safe for the long haul. This means that we have to do whatever we can to get a great car for them.

The type of car that you need depends on your own purposes. Do you have to carry around a lot of things for your child? If so, you might want to go get a van or a stationwagon, or even a big SUV. Even though you’re going to be paying more in terms of fuel costs, these vehicles will be able to carry people and cargo with comfort.


We don’t suggest a traditional truck, unless you just like them — they tend to be a bit uncomfortable for newborns and not as safe.

A sedan works if you will not be carrying around a lot of times, and you just need to upgrade to something a bit roomier. The safety features for these cars are quite high, so you will be able to rest assured that your child is being taken care of properly even while you’re on the road. Many parents like sedans because they can usually reach back to tend to their children when they are at a red light, or even stopped on the side of the road or in a parking lot. It’s completely up to you what you get, but this is definitely one of the top things to think about. Selection is going to be one of the top things you think about during this process.

Don’t be afraid to take a test drive. Many dealerships also handle their own in-house financing, which means that you aren’t going to have to fight too hard to get the financing that matters to you. You want to always be able to pay for the car, because if you get payment in payments you will have to surrender the vehicle. This only hurts your credit in the long run.

Make sure that you are focusing on the road ahead, and everything will eventually go your way. A child changes everything, but that doesn’t mean that you have to lose out on the best car for their needs! Crunch the numbers and you’ll come to the same conclusion!

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What You Really Get From Taking That Test Drive This Holiday Season

We know what you’re thinking — the end of the year is here, and that means a lot of people are thinking about getting a new car. So why not join them? You might have already done some research on exactly what you want, and exactly what you can afford. If that’s true, good for you. If that’s not the case yet, you’re going to definitely need to put some time and thought into this. There’s a lot that goes into a car, and now is the time to really ensure that everything runs smoothly. The more you plan and the more time that you really give yourself to plan, there’s nothing that can really stand in your way.

In the age of online car purchases something like a test drive can seem almost archaic, backward, and retro. Yet we’re of the opinion that a test drive has a lot of benefits that aren’t as clear as they should be. For example, if you’re really thinking about owning a car for the long term, you need to check it out.

And when we say check it out, we mean doing more than just looking around the car a few times and driving it around the block. You need to see how that car handles on a bigger track. For example, if your city has a highway — you need to see how the car handles at high speed. You need to see how the car handles at low speeds. You want to see stop and go traffic. Basically, you want to try to get as much information about the car as you possibly can before you make an ultimate buying decision.

Unfortunately, this is not news to anyone, really — but we still don’t do it. Is there a reason for that? Actually, there really is. You see, a lot of people know exactly what they need to do, but they really don’t’ want to make waves. They really don’t want anyone to think that they’re not happy about getting a new car. After all, there are plenty of people that really can’t buy their own car yet, so shouldn’t you just be grateful for anything that you come across?

The truth here is that it’s perfectly okay to be picky. After all, it’s going to be your money on the table — shouldn’t you make sure that you have everything in order first?

The price has to make sense as well — make sure that you talk to someone that can make the right negotiation calls. If you get the run around from an associate, feel free to talk to the manager. If you know that you can get a better deal elsewhere, try to see what can be done to sweeten the pot.

Naturally, all negotiation needs to take place after you’ve had that test drive. You’ll need to most likely present your driver’s license and your insurance card — these will be photocopied and put on record. If you were to wreck the car on your test drive, your insurance might come into play. However, there is also insurance for every car that sits on the lot.

A test drive should be at least 30 minutes to an hour. If your sales associate seems to be pushy and rush you on this, you might want to find another associate — or another dealership. You still really want the chance to test out the car. This is also a good time to have the car checked over by an independent mechanic. We know that dealership mechanics are usually above the board people, but do you really want to take a chance when your money is on the line? We didn’t think so!

What you really get, at the end of the day from the test drive is a sense of where you’re headed. You get an idea of what you get out of the car, and what you can get out of the car in the months and years ahead of you. This is knowledge that you really can’t get online.

Though if we’re going to mention online, you should know that the Internet is still a great source of information for the car of your choice. You need to look past the sales brochures and look at the features that you’re actually going to get with the car. In addition, honest reviews from real people are going to be far more valuable than canned responses from a car manufacturer.

You will know a great car when you find it, and you will know a bad deal when you run across it. Listen to your gut — when something doesn’t sound right, it’s probably not right at all!

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Difference between Automatic and Manual Cars

Those that have experience in driving have a good understanding of automatic and manual cars and they are able to tell the difference between the two. Majority of the people prefer the automatic rather than the manual because it’s easy to use. You more likely won’t complain if you get one of the Mercedes automatic cars.

Some time back, automatic cars were quite expensive, but nowadays you can get a good deal from the auto dealers; and you will end buying a car at a cheaper price. It is said that manual cars don’t consume much fuel like the automatic ones. Car accessories and spare parts of the automatic transmissions are a bit expensive and maintenance can as well cost a lot. The manual ones do not need transmission flushes and this helps a lot in saving.

automatic-vs-manual-cars

Repairing an automatic car is a bit expensive. They use only two pedals while the manual use three. The latter ones allow the driver to be in full control. For those with great driving skills, they will always prefer the manual style. A lot of people think that going for manual transmission is old fashioned and this has made majority of them to go for automatic.

Manual cars work by using the clutch system that helps to transfer the power from engine to the transmitter. When the wheels do not turn and the engine is running in low RPM, the car pulls violently and this can kill the engine. To avoid a situation like this, it would be good you go for the auto ones. They are not readily available everywhere, so it’s advisable to get used to the clutch system especially if where you live there is lots of traffic. Nowadays, dealers are offering automatic transmissions at a cheaper price. But the manual ones will be a good deal to those who have low budget to invest.

Courtesy of Bestpartstore.co.uk website.

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Top 2 new car models with wonderful safety features

The safety of a car is the first thing that you always consider when either buying or even leasing it. It comes first after the comfort that it is supposed to offer. On the other, it is also important to check on the model which you think will be good with you. There are very many car models in the automobile world nowadays especially with the advancement in technology which keeps on impacting the manufacturing of cars every other day. Therefore, when searching for a car to buy, you should actually never compromise the safety of your prospective car. There are a number of car models that have proved safe for drivers as well as passengers because of some distinct features them.

In order to make your search much easier, it is important that you take a look at the recently released report which listed the top ten safest cars. The first two are discussed below.

Acura RL

2014-Acura-RL

The Acura RL is rated as the top in this list. It is also one of the most comfortable cars to drive according to this report. This model comes with a number of features as far as your safety as the driver is concerned. One of the fascinating features is one which enables the car to steer clear of collisions as much as possible. However, it is important to take note that that will not prevent you from getting injuries should any accident occur. The manufacturers of this car model tried to minimize the injuries that the occupants can pick by putting airbags in the car’s system.

Volvo S80

Volvo S80 2014

This is yet another car model which comes in second in the list of the safest cars to drive. The Volvo S80 is classic car and one of the latest models. It has the ability to avoid collisions and should they happen, you will be safe thanks to the safety features in this car such as the airbags and collision warning and automatic brakes.

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Personal Contract Purchase Explained

It used to be that the most common and popular way of acquiring a car was to purchase one outright and take ownership of the vehicle. In today’s current financial climate however, it’s much more beneficial to simply lease a car and make monthly payments. Out of all of the leasing options available – Personal Contract Purchase (PCP) is one of the most popular.

One of the most important steps in looking into PCP is to first acquire a quote. This can help you research the prices that you’ll have to pay as well as let you view the details of the contract you’ll be entering into. Points that are worth considering when negotiating your contract are:

– Contract length

– Annual mileage estimate

– Deposit value

– Finance amount

All of these factors contribute towards the interest rate that will be supplied by the finance provider. The finance provider will also estimate a guaranteed future value (GFV) – this GFV takes into account a variety of details that they can use to figure out how much the vehicle will eventually be worth. To do this the details they use include:

– Age of the car at end of term

– Depreciation

– Estimated annual mileage

If you’re satisfied with the PCP contract that you’re entering into then a small deposit is required, after that monthly payments are made. At the end of your contract there are two options for you to take. You can take ownership of the vehicle by making a lump sum payment (equivalent to the projected future value), or use the difference between the actual cars value and the GFV to actually acquire a new car.

PCP is an immensely beneficial deal and hopefully after reading this you feel a little more confident on the subject, as well as knowing if it’s the right option for you.

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Renting a horse trailer: Some facts you should be aware of

f you require to use a horse trailer only few times in a year, then you might want to consider renting horse trailers instead of considering horse trailers for sale. Instead of going for horse trailers for sale, by renting you end up saving a lot of money and effort. There is no need to worry about yearlong maintenance or think about the heavy investment. All you need to do is look for a good quality horse trailer and rent it for your temporary need. Although the process sounds quite simple you need to make sure you pay attention to certain facts pertaining to the horse trailer before you rent it.

Condition of the horse trailer

Unlike when you go for horse trailer for sale, while renting you would be looking at a used horse trailer. Make sure the trailer is in an appropriate condition to be used. The braking system, lights, ramp, dividers, posts and bars should function effectively. Should you find any flaw in one of these aspects or any other aspect, make sure you notify the owner before renting the horse trailer. It is better to have a written agreement regarding the condition of the horse trailer, so that no problem arises while you return the trailer after use.

Renting a horse trailer

Additional facilities

If you are opting for horse trailers with additional facilities like living quarters, make sure you have sufficient space and provisions for sleeping, working and other activities you might have to perform while making use of the living quarters. Pay attention to the weight of the entire unit as you might have to invest more in the towing vehicle in case the horse trailer is too heavy.

Payment details

Make sure the payment process is transparent and both you and the person who rents the horse trailer to you are in amicable terms. If there is any doubt or confusion regarding the same, you should clarify it before proceeding to rent the horse trailer.

If you keep the above mentioned tips in mind, your horse trailer renting would go smoother than opting for horse trailer for sale.