How much do you need to borrow?

Everyone's circumstances are different, let's look at one scenario.

Assume you want to buy a used car costing £6,995 and are offered £1,250 for your part exchange. If you had an additional £375 as a cash deposit, you would need to arrange a loan of £5,370.

Have you ever tried to borrow £5,370?

Certain lenders will only lend amounts to the nearest £1,000, therefore you may have to choose between a £5,000 or £6,000 loan. The £5,000 loan will not be enough to complete the purchase, so you may have to borrow more than you need.

In these circumstances, you will be paying interest on money you didn't need to borrow.

Hyundai Car Finance arrange loans to the exact amount required.

1. What's an APR?
2. When is an APR not an APR?
3. How much do you need to borrow?
4. What's your monthly budget?
5. What information is required?
6. When can I drive away?
7. What are my finance options?