{"id":10065,"date":"2025-10-15T14:48:51","date_gmt":"2025-10-15T13:48:51","guid":{"rendered":"https:\/\/www.exchangemycar.co.uk\/blog\/?p=10065"},"modified":"2026-06-03T11:38:40","modified_gmt":"2026-06-03T10:38:40","slug":"why-buy-a-car-on-finance","status":"publish","type":"post","link":"https:\/\/www.exchangemycar.co.uk\/blog\/why-buy-a-car-on-finance\/","title":{"rendered":"Why Buy a Car on Finance? | 8 Solid Reasons for UK Drivers"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Buying a car is one of the most important decisions of life. Whether it is a used car or brand new, the cost can stretch your savings. <\/span><span style=\"font-weight: 400;\">Fortunately, a <\/span><span style=\"font-weight: 400;\">car on finance<\/span><span style=\"font-weight: 400;\"> makes it more affordable so that you can pay for your favourite vehicle in low monthly instalments. You don\u2019t have to pay the whole amount for a car at once.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the UK, the majority of new car buyers get a car through car finance, where they pay monthly without draining their bank accounts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this blog, we will walk you through solid reasons to consider buying a car on finance and also explain potential downsides that you should also consider.\u00a0<\/span><\/p>\n<h2>Key Takeaways: Why Buy a Car on Finance?<\/h2>\n<p data-start=\"91\" data-end=\"269\">Buying a car on finance in the UK lets you drive a better car sooner, spread costs, protect savings, boost credit, access extras, enjoy flexibility, and safeguard other assets.<\/p>\n<ul>\n<li data-start=\"185\" data-end=\"274\">\n<p data-start=\"188\" data-end=\"274\"><strong data-start=\"188\" data-end=\"217\">Drive a Better Car Sooner<\/strong> \u2013 Get the car you want today without saving for years.<\/p>\n<\/li>\n<li data-start=\"275\" data-end=\"381\">\n<p data-start=\"278\" data-end=\"381\"><strong data-start=\"278\" data-end=\"309\">Affordable Monthly Payments<\/strong> \u2013 Spread the cost over time instead of paying the full price upfront.<\/p>\n<\/li>\n<li data-start=\"382\" data-end=\"475\">\n<p data-start=\"385\" data-end=\"475\"><strong data-start=\"385\" data-end=\"412\">Boost Your Credit Score<\/strong> \u2013 Timely payments help demonstrate financial responsibility.<\/p>\n<\/li>\n<li data-start=\"476\" data-end=\"563\">\n<p data-start=\"479\" data-end=\"563\"><strong data-start=\"479\" data-end=\"510\">Tax Benefits for Businesses<\/strong> \u2013 Certain finance deals may reduce taxable profit.<\/p>\n<\/li>\n<li data-start=\"564\" data-end=\"671\">\n<p data-start=\"567\" data-end=\"671\"><strong data-start=\"567\" data-end=\"600\">Access to Extras and Packages<\/strong> \u2013 Some agreements include servicing, warranties, or breakdown cover.<\/p>\n<\/li>\n<li data-start=\"672\" data-end=\"769\">\n<p data-start=\"675\" data-end=\"769\"><strong data-start=\"675\" data-end=\"711\">Flexibility to Upgrade or Change<\/strong> \u2013 PCP or leasing options let you switch cars regularly.<\/p>\n<\/li>\n<li data-start=\"770\" data-end=\"860\">\n<p data-start=\"773\" data-end=\"860\"><strong data-start=\"773\" data-end=\"797\">Protect Other Assets<\/strong> \u2013 Car acts as collateral; your home and savings remain safe.<\/p>\n<\/li>\n<li data-start=\"861\" data-end=\"946\">\n<p data-start=\"864\" data-end=\"946\"><strong data-start=\"864\" data-end=\"888\">Protect Your Savings<\/strong> \u2013 Spread payments while keeping emergency funds intact.<\/p>\n<\/li>\n<\/ul>\n<p><div class=\"row saq-cta_div\">\n      <div class=\"col-xl-12\">\n        <div class=\"bg-yellow exchange-deal-content\" style=\"padding: 5rem 3rem;\">\n          <div class=\"title\">\n            <h3 class=\"big mb-4\">\n              Want to Sell a Car on Finance in the UK?\n            <\/h3>\n            <p class=\"h6 mb-0 fw-normal\">\n              If you\u2019re looking to upgrade, you can sell your car on finance easily with Exchange My Car. Settle outstanding finance and get paid fast, anywhere in the UK.\n            <\/p>\n\t\t\t\n          <\/div>\n         \t <form class=\"row g-4 g-sm-5 gy-5 get-quote-form\" style=\"margin-top:20px;\" action=\"https:\/\/www.exchangemycar.co.uk\/my-details\" method=\"post\" id=\"reg_form\" name=\"reg_form\">\n    <div class=\"col-6\">\n      <div class=\"position-relative\">\n        <div class=\"gb-icon-wrap small\">\n          <img src=\"https:\/\/www.exchangemycar.co.uk\/blog\/wp-content\/themes\/ssaq\/assets\/images\/icons\/gb.svg\" alt=\"GB\">\n        <\/div>\n        <input type=\"text\" name=\"reg_num\" required=\"\" class=\"form-control gb-icon saq-reg_field_color saq-milage-field\" placeholder=\"ENTER REG \" title=\"Please enter registration number\" maxlength=\"7\" value=\"\">\n      <\/div>\n    <\/div>\n    <div class=\"col-6\">\n          <input type=\"number\" class=\"form-control js-milage_commo saq-milage-field  saq-mileage_field_color\" name=\"mileage\" placeholder=\"MILEAGE\">\n    <\/div>\n    <div class=\"col-12\">\n      <button type=\"submit\" name=\"homesearch\" class=\"btn btn-big  saq-button-field btn-blue w-100\">Sell My Car<\/button>\n    <\/div>\n  <\/form>\n        <\/div>\n      <\/div>\n    <\/div><\/p>\n<h2><span style=\"font-weight: 400;\">How Car Finance Actually Works?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Before buying a car on finance, you should be aware of the whole process. At first, it might be confusing, but once you understand, you will find it simple and it will make you more confident to go for it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the UK, there are different <\/span><a href=\"https:\/\/www.exchangemycar.co.uk\/blog\/what-are-the-different-types-of-car-finance-options\/\"><span style=\"font-weight: 400;\">options to finance a car<\/span><\/a><span style=\"font-weight: 400;\">:<\/span><\/p>\n<p><b>1. Hire Purchase (HP):<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You pay a deposit up front, which is usually 5 to 20% of the car\u2019s price<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Then, you make fixed monthly payments over an agreed period, typically 1\u20135 years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Once the final payment is made, the car is officially yours.<\/span><\/li>\n<\/ul>\n<p><b>2. Personal Contract Purchase (PCP):<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PCP is popular for people who like driving newer cars every few years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You pay a deposit, followed by lower monthly payments than HP, because you\u2019re only paying off part of the car\u2019s value.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">At the end of the agreement, you can either hand the car back, pay a final \u201cballoon\u201d payment to own it, or trade it in for a new car.<\/span><\/li>\n<\/ul>\n<p><b>3. Personal Loans<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You borrow the full <a href=\"https:\/\/www.exchangemycar.co.uk\/blog\/cost-of-running-a-car-uk\/\">cost of the car<\/a> from a bank or lender, then repay in fixed monthly instalments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The car is yours from day one, and there\u2019s no mileage limit or end-of-term payment.<\/span><\/li>\n<\/ul>\n<p><b>4. Leasing \/ Personal Contract Hire (PCH)<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A bit like renting the car for a set period, usually 2\u20134 years.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You make monthly payments, but the car isn\u2019t yours at the end. This is mostly for business users or those who like changing cars regularly.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">8 Reasons to Consider Why to Buy a Car on Finance<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">There are several reasons why you should consider buying a car on finance.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">1. More choice of cars<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">One of the most important aspects of buying a car on finance is that you get more options of cars. Opting for car finance generally opens up a whole world of choice that you don\u2019t typically get with a cash purchase. Primarily because finance allows you to pay off the vehicle in low monthly instalments.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">Buying a new or nearly new car also ensures that you will get access to the best safety tech on the road and spend less on repairs at the garage. Plus, most manufacturers offer generous warranties to keep you covered for the first three years or more for bonus peace of mind.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">2. Affordable option<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you\u2019re fortunate enough to be able to purchase a car up front, you are a minority. Over 90% of new <\/span><span style=\"font-weight: 400;\">car purchases<\/span><span style=\"font-weight: 400;\"> in the UK are bought with the help of car finance. The reason is that it is not that easy to purchase a brand-new car these days, as not everyone can afford it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s more, any savings you do have can be put to better use elsewhere as you reap all the rewards of financing your vehicle. That said, not everyone is <\/span><a href=\"https:\/\/www.exchangemycar.co.uk\/blog\/are-you-eligible-for-car-finance-claims\/\"><span style=\"font-weight: 400;\">eligible for car finance<\/span><\/a><span style=\"font-weight: 400;\">. So, do understand your eligibility status before you go for car finance options.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">3. Boost your credit score<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Getting a <\/span><span style=\"font-weight: 400;\">car on finance<\/span><span style=\"font-weight: 400;\"> is one of the best ways to boost your credit score. As long as you make all of your payments on time and none are missed, you\u2019ll quickly improve your score.\u00a0 As you demonstrate to other potential lenders how good you are at managing your credit, no matter what type of car finance you choose.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So if you\u2019re hoping to impress a mortgage dealer or simply improve your chances of being approved for future loans without a fuss. Then applying for car finance is the way to go, especially if you are new to the credit market.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">4. Tax benefits<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If you are a business owner, you\u2019re likely already aware of all the taxes you have to pay. But if you choose to buy car finance with your business name, then your purchase may be tax-deductible.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The type of car finance you choose will ultimately decide how much tax relief you get. For example, with a hire purchase agreement, company expenses can only cover the interest payments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, claiming capital allowances can lower the overall costs of your chosen vehicle as it reduces taxable profit. But like all finance agreements, make sure you stick within the agreed mileage limits and keep the car in good condition.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bear in mind, lenders will rarely cover the VAT costs, so be prepared to fork out a bit extra to cover the expenses.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">5. Access to extras and packages<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Many finance deals include extras like servicing, warranties, or breakdown cover. This gives peace of mind. Some cars on finance come with added hardware like <\/span><span style=\"font-weight: 400;\">speed limiters<\/span><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.exchangemycar.co.uk\/blog\/how-do-dash-cams-work\/\"><span style=\"font-weight: 400;\">dash cams<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some finance packages include a host of extras, such as discounts on travel insurance, holidays, roadside assistance, and more. Make sure you look at all the fine print to see what\u2019s included in your deal.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">6. Greater flexibility (upgrade, change)<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The type of <\/span><span style=\"font-weight: 400;\">car finance<\/span><span style=\"font-weight: 400;\"> you choose should reflect your lifestyle. So if you want to own the car eventually, you should consider a personal loan or personal contract purchase (PCP) as an option.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, if you\u2019d rather keep monthly costs down and switch your car more regularly, you should look at personal leasing or personal contract hire (PCH). While there is no option to buy at the end of your term, it allows you to upgrade your vehicle more easily.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re not too bothered about what car you drive away from the dealership, you should think about new manufacturer finance deals. These include 0% finance, no-deposit deals, lower interest on new cars and deposit contribution discounts, which can all save you money in the long run.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">7. Protect other assets (car as collateral)<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When you get a car on finance, the agreement is usually secured against the car itself not your home or other assets. This means if you fail to make instalments on time, the lender could take back the car. All your house and other personal belongings stay safe. It\u2019s a practical layer of protection compared with some loans that use property as security.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">8. Protect your savings<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Paying cash up front can drain your savings. It leaves little room for the unexpected things, for example, that\u2019s a home repair, a medical bill, or simply life\u2019s day-to-day surprises. Buying on finance lets you spread the cost while keeping your emergency fund intact.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That way, you can drive the car you need today without emptying your bank account tomorrow. For many UK drivers, it\u2019s a safer balance between comfort and caution.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Potential Downsides and What to Watch For<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Buying a car on finance can be a great way to get the car without paying full price. But there are some downsides that you should be aware of before making a decision.\u00a0\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Interest Adds Up<\/b><span style=\"font-weight: 400;\">: Even with affordable monthly payments, the total cost of the car can end up higher than buying outright. Always check the Annual Percentage Rate (APR) and total payable.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Mileage Limits (PCP\/Leasing)<\/b><span style=\"font-weight: 400;\">: Agreements often have mileage restrictions. Exceeding them can lead to extra charges at the end of the term.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Missed Payments Hurt Credit<\/b><span style=\"font-weight: 400;\">: Skipping or late payments can damage your credit rating and may even result in repossession. Ensure the monthly payment fits your budget.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Early Termination Fees<\/b><span style=\"font-weight: 400;\">: Ending a finance agreement early can incur penalties. Always read the small print before signing.<\/span><span style=\"font-weight: 400;\"><br \/>\n<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Depreciation &amp; Equity Risk<\/b><span style=\"font-weight: 400;\">: Cars can lose value faster than expected, leaving you with little or negative equity, especially with PCP deals.<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Comparison Table: Finance vs Cash Purchase<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">When deciding how to buy your next car, it helps to see how finance stacks up against paying cash. Here\u2019s a simple UK-focused comparison:<\/span><\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Feature \/ Factor<\/b><\/td>\n<td><b>Buying on Finance<\/b><\/td>\n<td><b>Buying with Cash<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Upfront Cost<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Deposit + monthly payments (spread over time)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Full car price paid immediately<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Monthly Payments<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Predictable monthly instalments<\/span><\/td>\n<td><span style=\"font-weight: 400;\">None<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Total Cost<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Can be higher due to interest<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Usually lower \u2014 no interest<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Ownership<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Depending on agreement (HP: yours at end, PCP: optional balloon payment)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Immediate ownership<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Credit Impact<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Builds credit if payments are on time; missed payments can harm it<\/span><\/td>\n<td><span style=\"font-weight: 400;\">No impact<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Flexibility<\/b><\/td>\n<td><span style=\"font-weight: 400;\">PCP\/leasing allows upgrades every few years<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Must sell car privately to upgrade<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Asset Protection<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Car is collateral; other assets remain safe<\/span><\/td>\n<td><span style=\"font-weight: 400;\">All cash is tied up in the car<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Tax \/ Business Benefits<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Some finance deals can be claimed as business expenses<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Limited business benefit<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Extras \/ Perks<\/b><\/td>\n<td><span style=\"font-weight: 400;\">May include warranties, servicing, breakdown cover<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Usually pay separately<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span style=\"font-weight: 400;\">Frequently Asked Questions<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">What is the best car finance option in the UK?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The best option depends on your budget, lifestyle, and the car you want to own. Also, it&#8217;s important to compare APRs, monthly payments, deposit requirements, and any mileage or condition limits. Here is how you can make your decision.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Hire Purchase (HP)<\/b><span style=\"font-weight: 400;\"> is ideal if you want straightforward <\/span><a href=\"https:\/\/www.exchangemycar.co.uk\/blog\/who-is-the-legal-owner-of-a-car-on-finance\/\"><span style=\"font-weight: 400;\">ownership<\/span><\/a><span style=\"font-weight: 400;\">, the car is yours once all payments are made.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Personal Contract Purchase (PCP)<\/b><span style=\"font-weight: 400;\"> works well if you like changing cars every few years and want lower monthly payments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Personal loans<\/b><span style=\"font-weight: 400;\"> or <\/span><b>leasing<\/b><span style=\"font-weight: 400;\"> may suit different needs, such as full ownership from day one or flexible upgrades.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Will car finance raise my credit score?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, it does raise your credit score if you manage responsibly. Making regular, on-time payments shows lenders that you can handle credit well, which can boost your credit rating over time. Missed or late payments, however, can damage your credit and may affect future loans.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Is PCP or HP better?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It depends on your priority. For HP, you might pay higher monthly instalments but own the car outright in the end. No mileage limits, simple terms. While going with PCP, you have to pay lower monthly payments, an optional final payment (balloon payment) to own, or trade-in options. This is good for drivers who like changing cars frequently. But comes with mileage restrictions and possible end-of-term charges.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if you want full ownership, HP is safer. If you prefer flexibility and lower monthly payments, PCP can be a good option.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Can I terminate car finance early?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Yes, but there are usually early termination fees.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">With PCP or HP, ending the agreement before the term ends often means paying the remaining balance plus any charges.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Some lenders allow voluntary termination after paying at least 50% of the total amount payable under the agreement, but check the terms carefully.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Always read the small print before signing, so you understand your options if circumstances change.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Does car finance cost more than paying cash?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Usually, yes. Finance includes interest and fees, so the total cost is often higher. But with 0% APR or dealer contributions, finance can sometimes work out close to cash. Paying cash avoids interest but ties up your money.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Final Verdict: Why Buy a Car on Finance<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Car financing is ideal for those who are looking to purchase a car that they cannot afford outright. Many people in the UK get the advantage of car finance, and it&#8217;s an affordable way to get a newer and more reliable car without emptying your bank account. However, the decision is all yours, and you should check the interest rate, total cost, and early exit terms before signing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For expert advice on buying and selling cars, visit our <\/span><a href=\"https:\/\/www.exchangemycar.co.uk\/blog\/\"><span style=\"font-weight: 400;\">blog<\/span><\/a><span style=\"font-weight: 400;\"> section. <\/span><\/p>\n<div style=\"all: initial !important;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Buying a car is one of the most important decisions of life. Whether it is a used car or brand new, the cost can stretch your savings. Fortunately, a car on finance makes it more affordable so that you can pay for your favourite vehicle in low monthly instalments. You don\u2019t have to pay the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":7513,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[1],"tags":[1726,1730,1729,1728,645,1727,1724,1725],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/posts\/10065"}],"collection":[{"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=10065"}],"version-history":[{"count":8,"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/posts\/10065\/revisions"}],"predecessor-version":[{"id":12059,"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/posts\/10065\/revisions\/12059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/media\/7513"}],"wp:attachment":[{"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=10065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=10065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.exchangemycar.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=10065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}