Under The Bonnet On Car Finance: What You Need To Know

Buying a car used to be relatively simple. But with so many options and ways to buy nowadays, it can be tough to know which option is best and what you’re actually signing up for. With approximately 80% of new cars in the UK now bought on finance, it’s a decision millions of people are making, often without fully understanding the options and the impact on their long-term finances.  In this episode of A Little Bit Richer, our host Iona Bain is joined by Stuart Masson, founder of The Car Expert. Stuart unpacks the economics of car ownership and shares lots of knowledge to help you understand the fine print behind car buying and how choosing the wrong option now can impact your future finances. From HP, to PCP, to taking out a personal loan, Stuart breaks down what the different finance options actually mean, the hidden costs to watch out for, and how to decide what is best for you. So if you’ve been considering a new set of wheels, this episode will help you better understand all the ways you can pay for it and the pros and cons of each option. You can watch episodes on L&G’s YouTube channel And see behind the scenes content on TikTok and Instagram You can play the podcast and find other useful content on L&G’s website: https://www.legalandgeneral.com/podcasts/a-little-bit-richer For more information on car buying check out The Car Expert website Iona and her guests share their own personal thoughts and opinions in this podcast. These might be different from L&G’s take on things. They give financial guidance for a UK audience that’s relevant at the time of recording. It’s general best practice, not the kind of personalised advice you’d get from a financial adviser.See omnystudio.com/listener for privacy information.