Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Finance Options for Buying a New Car

Sharing is caring!

Buying a new car is exciting. Choosing the model, taking a test drive, picking out the extras that will make it uniquely yours; we all love it! However, actually paying for the car can present a dilemma. Which route should you take? For a reputable and reliable auto dealer, head to vinsautogroup.com.sg. In this article, we’ll explore the options to help you make an informed decision.Personal Savings The most straightforward approach to buying a car is to use your own savings. You won’t need to worry about repayments, accrual of interest, penalties, or arrangement fees. You’ll have a fixed budget in mind, which empowers your buying position and stops you from overspending.The drawback is that it can make a significant dent in your rainy day fund. Give careful consideration to a realistic budget when you take money from your savings; don’t buy into sales spin, and only spend what you can afford.Part-ExchangeAlthough it may not pay for the entirety of your new car, part-exchanging your old vehicle can knock off a substantial amount from your total payment. Do your research beforehand; go online to check the estimate resale price of your current motor. Then, when you’re negotiating at the dealership, you’ll be in a strong position to make your case for a stellar saving!Personal LoanInstead of taking a chunk out of your savings, you may prefer to pay for your car over a set time frame. There are several ways to approach this; one of which is taking out a personal loan. These are usually straightforward to arrange, particularly when you apply online. You must assess your ability to pay back a loan in full before you take one out. Check out this guide to personal loan interest rates to gauge how much your loan will cost.LeaseLeasing a car is essentially a long-term rental. Although you won’t own the vehicle, a leasing agreement allows you to enjoy all the benefits of a new car, including free maintenance, for a set period of time. Once the lease expires, you return the car. You won’t need to worry about depreciation in value, and flexible payment terms can be agreed with the dealership. If you want to own a car outright, however, this might not be the right plan for you.Hire-PurchaseBridging the gap between buying on finance and leasing is the concept of hire-purchase. Under this system, you give a deposit to the dealership, then pay back a loan

Sharing is caring!

Speak Your Mind

*