With expert guidance you can make short work of not only finding the best mortgage for your circumstances, but also understand how to manage the mortgage while you repay.
Whether you need a loan to finance a new purchase or are consolidating existing debts, it's a good idea to make sure you can save money - not only with the lowest rate for your credit rating but by understanding the finer print of your loan agreement.
See the latest offers for credit cards, check if you can consolidate existing debts to save money, find out how long it could take to repay an existing balance.
See the latest offers for contract hire and leasing, compare new or used car purchases across hire purchase, personal contract purchase and contract hire and use our vehicle finance calculators.
Your savings are influenced by many factors aside from the headline interest or growth rate of the accounts or funds you place your hard earned money into.
What is your risk profile? Have you considered tax implication of your investment plans? What will your investment return? Do you need to build up a fund?
Have you been saving for your retirement? Get the nitty gritty on Pensions and all that is involved.
Try our property search (Powered by Zoopla) - Find properties by what your budget is - see how differences in deposits of your monthly payment change the type of property you could buy!
Find Depreciation For Your Car - click to close
Using a personal loan can be a cost-effective way to purchase a new or used car. Loan rates are generally lower than other methods of finance like HP or PCP as the criteria to get the loan is tougher. The loan can also be used to purchase a used or second-hand vehicle and this can be advantageous if the purchase is coupled with a good warranty - close to fixed price motoring on a used vehicle.
When you look at new car prices such as those supplied via contract hire, a fixed monthly payment (after deposit) is attractive as all costs are covered such as depreciation, finance costs and repairs. You can emulate these factors with a used car using our calculator.
A personal loan spread over a longer term than your ownership period of the car will have lower monthly payments. We find out what the true cost once the vehicle has been sold and the loan settled is by looking at interest cost and depreciation cost.
You can optionally add a warranty cost to factor in a contiguency fund for repairs.
It is an interesting comparison with buying a car using contract hire - look at the top contract hire deals to see what is available at the same monthly cost. You will find that although the vehicle may be older, the class of car for the same price will likely be much higher. Conversely, lower depreciating cars with cheaper warranties can be owned at a much lower monthly cost.
© 2009 - 2023 TheMoneyCalculator.com
Code and design by Ray Arman
our advisers by region :
This site is designed to give you an understanding of financial products out in the wild, preparing you for proper professional advice.
We have provided guides, tools, a selection of deals (lowest rate and/or fees) but expect you to seek full professional advice with a whole of market adviser before making any decision.
Use the information provided at your own risk, we're not providing advice and errors can be made. Calculations made on the site are estimates, therefore in places assumptions or approximations may be used. We cannot accept responsibility nor are liable for any mistakes.