I will need some advice on my car financing.
Exciting as me and my partner are upgrading to a brand new SUV ( a Nissan Xtrail) fairly quickly as we have locked the deal with the dealership. As I was going through various financing options, I am getting missed messages on the ways the car could be financed.
- I have been told of Nissan Future value which provides some GFV at the end of 4 years period - with a reduced ( compared to usual rate) interest rate. I am not sure if this comes with any catch - although I will have a low monthly repayment and guaranteed value of the car. And also this comes with 3 years free servicing.
- Second option is to go through non-ballon options by going through other providers. This will come with a higher interest rate.
I have also been told that the interest rate usually goes up if I chose to max my deposit ( hence borrow less) for the loan.
Any advice on which way should I go ? and that has proved beneficial in the long run ? And what will be good options if I want to finance the car externally ?