Why do you only ask for a monthly budget? What if I want to pay in full?
Around 75% of all new cars are paid for monthly. Cars are depreciating assets, so buying them outright doesn’t make much financial sense. As the old adage goes, “if it appreciates, buy it; if it depreciates, lease it”. A brand new car loses a massive chunk of its value as soon as you drive it off the forecourt. So instead of spending a big lump of capital to buy a new car outright, you’re better off investing that money and paying a far smaller amount each month to drive the car you want.
Still, if you are absolutely sure that you’d like to buy a car outright, call us on 0114 236 2992 and our team will be more than happy to help.
Why would I go for a new car instead of a used one?
For some people, the appeal of new cars is nothing more than the fact that they’re brand new. They feature the latest design, contain the latest technology and proudly display the latest number plates. Others like the security provided by a manufacturer’s warranty and the fact they won’t get stung by hefty maintenance costs. And, if neither of those things persuades you, the low finance rates and other incentives regularly offered by manufacturers mean that it is often no more expensive to get a brand new car than a used one. At that stage it becomes a bit of a no-brainer.
Do you offer used cars as well as new?
At the moment we’re new cars only. Used cars are much tougher to compare: their value is hugely dependent on a variety of factors like age, mileage, service history, etc. Since the condition of all new cars will be the same, you can focus on comparing the features which matter most to you – whether that’s performance, efficiency, price or something else.
What’s the difference between buying on finance and leasing?
Leasing and buying on finance both involve paying an amount upfront (the deposit or initial rental) and then paying a fixed amount per month for a set period of time after that. The big difference between the two is the amount of flexibility each affords.
When you lease a car, you agree to pay a fixed rental figure each month for a fixed period of time. At the end of the period, you hand the car back and walk away. If you try to break the contract before the term is up, you are likely to have to pay a penalty.
Buying on finance involves you taking out a loan against the car, so the arrangement is more complicated but does permit you a bit more flexibility at the end of the term. When your contract expires, you can purchase the vehicle for a pre-arranged price (“the balloon payment”), re-finance it and keep hold of it, sell it and keeping any equity, part-exchange it for a new one or just hand it back with nothing more to pay. And if you decide you want a different car before the term is up, there are various options available to allow you to do this.
For the sake of simplicity, all of the deals on the site are to lease the cars. If you would rather buy on finance, just mention that to your car expert when you enquire about a deal. They will be able to give you full detail on the options available to you.
Is it cheaper to lease or buy on finance?
There’s no straight answer to this, because it depends on your personal circumstances and the terms offered by the funders and manufacturers. Sometimes leasing ends up cheaper. Other times low finance rates from the manufacturers make buying on finance cheaper. Your car expert will be able to help you understand which would work out best for you.
What’s the rate of interest I’ll pay?
Interest is only payable when you buy a car on finance (if you’re leasing, you just pay the rental figure). The rate of interest on finance packages varies from deal to deal, but it doesn’t actually make much sense to view the interest rate in isolation. Finance providers often throw in things like deposit contributions and servicing packages to sweeten the deal, meaning that the most reliable way to compare deals is looking at the monthly payment and the overall cost of each. Which is exactly what we do.
Who provides the finance?
We have a number of different finance providers, including the finance arms of several manufacturers and big established funders. Our access to offers from multiple sources of finance means we’re in a strong position to find the most competitive finance package available for the vehicle you want.
Why does my annual mileage affect the price I pay?
Leasing and finance deals are calculated according to the likely residual value of the vehicle (its value at the end of the contract). The less the car has been driven through the course of the contract, the higher its residual value will be and the less you’ll have to pay per month. If you under-estimate your annual mileage, at the end of your contract you will have to pay an amount for each mile you end up over the agreed limit.
What do PCP, PCH and BCH stand for?
PCP stands for Personal Contract Purchase, PCH for Personal Contract Hire and BCH for Business Contract Hire. PCP is effectively buying on finance. PCH and BCH are effectively leasing, for personal and business buyers, respectively.
Can I claim the VAT back?
The first thing to note is that VAT is payable when you lease a vehicle, but not when buy it on finance. If the lease of a vehicle is funded by a VAT-registered business, then you should be able to claim 50% of the VAT back. Be aware that company cars are rated on both the outright purchase price (not including any discounts) and CO2 emissions. They are a benefit in kind and go on your P11D. We recommend that you clarify your own position with your accountant. (In case it wasn’t already clear, we are not accountants.)
How do I know that your deals are better than what I could get myself?
There are two reasons why our deals are likely to be better than what you’ll be offered by your local dealership. Firstly, because we buy hundreds of cars each year, we get access to discounted rates from the manufacturers – and then pass these discounts on to you. Secondly, we spend hours rating every single deal we receive to make sure that we only ever show you the deals which are worth your attention. Such are the vagaries of car pricing that anyone who claims to always offer the cheapest price on any deal is lying. We will always be competitive on price – and take pride in never being beaten on service.
What happens when I enquire about a deal?
When you enquire about a deal, a dialogue box pops up where you can fill in your details. Once we’ve received your enquiry, we’ll get in touch to run you through your options in full. Step one is to make sure that the deal you’re looking at actually meets your needs. Step two is to make you aware of similar deals which you might have missed. And step three is to find you the best possible price on whatever car you choose. It’s easiest to run through this process on the phone, which is why we ask for a phone number. If you’d prefer to do the back and forth by email instead, that’s fine by us too.
What’s the benefit of speaking to a car expert?
There are two main benefits of speaking to one of our car experts. Firstly, they know what they’re talking about. They’ve been working in the car market for years and see thousands of deals each month, so they have an almost forensic knowledge of the vehicles in the market and where to find them most cheaply. This makes them perfectly placed to help you identify the right car for you at the best price available.
Secondly, if, like most car buyers, you are time-poor and knowledge-poor, it makes sense to have someone who knows what they’re talking about to fight your corner. You’re more than welcome to read all of the research yourself and spend your weekend traipsing round your local (or not so local) dealerships. Best Car customers prefer us to do that work for them, saving themselves loads of time and still ending up with a better deal than they could have got themselves.
Thirdly (there are actually three benefits), it’s totally free…
How much does this service cost?
Nothing, nada, zip, zero. Our service doesn’t cost you a penny. We get paid by the dealers or funders for the sales we generate for them. So if you just use us for advice and then buy a car from someone else, we earn nothing. Not ideal, but all of our repeat customers are testament to the value which we offer – both in the advice we provide and in our ability to find a better deal than they could find themselves.
Can I view the car I want before I buy it?
You are very welcome to view the car before you buy it, but the location of the car (and the location of you) might make it a bit tricky. If you’re desperate to test drive the car, mention that when you speak to your car expert and we’ll try to make it happen.
How quickly can I get my car?
Depends whether you’re buying a car which is already in stock or one which has to be ordered from the manufacturer. You tend to get better deals on stock cars, but the range of options is obviously more limited. If we have to order a car from the manufacturer, the average wait time is about 8 weeks.
Can I use my old car in part exchange?
You can use your old car in part exchange, but most people don’t. This is for the simple reason that you are likely to get more money for your old car if you sell it privately than if you part exchange it. Selling privately obviously involves a lot more hassle and risk though. If you would prefer to avoid that, we’ll be more than happy to get you some sale quotes from our trader partners. (We can almost guarantee that they’ll be more than you’ll get from a well-known car-buying website.)