CAR FINANCE EXPLAINED! 4 Ways To Buy A Car finance or buy a car

by autisticchiaNGMAI



This video was sponsored by Skillshare
The first 500 people to sign up via my link will get TWO FREE months of Skillshare Premium!

This video it’s all about CAR FINANCE! You all commented so I answer all your questions!

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Filmed by: @blue_marling (Instagram) .

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CAR FINANCE EXPLAINED! 4 Ways To Buy A Car

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CAR FINANCE EXPLAINED! 4 Ways To Buy A Car
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41 comments

J X Y B E A T S 30/12/2021 - 5:26 Chiều

This guy is the god of explaining things I’m shocked you ain’t got millions of views man keep it up

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David J 30/12/2021 - 5:26 Chiều

You didn't mention CS (Conditional sale), everywhere I have looked it sound very much like hire purchase, can this be confirmed please. Great video otherwise.

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Nick W 30/12/2021 - 5:26 Chiều

Great advice, thanks!

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Unavailable 30/12/2021 - 5:26 Chiều

Let’s say I’m buying a car it’s £38,989 and the cash deposit I do is £1000 and the monthly pay is £726 around how much would the balloon cost be

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Everyday Finance Podcast 30/12/2021 - 5:26 Chiều

Thanks for the video man. We are about to do a podcast on smart car buying so we are looking at a lot of stuff rn.

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Ross 30/12/2021 - 5:26 Chiều

What is the best way to get out of pcp without losing money

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The Mamosians 30/12/2021 - 5:26 Chiều

fantastic thanks

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Linda Collins 30/12/2021 - 5:26 Chiều

I was finding it so difficult to buy a car on credit cause my credit scores was so low and @exceptional_tools on lG help me out and he fixed my scores and I got a car on credit I’m so great full thanks so much I recommend him you should try him you would get a car on credit

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Dan MGTOW Bruno 30/12/2021 - 5:26 Chiều

Wake up and save your money every month 🙏

Reliable £1500 car like a VW Passat TDI 2007-2010 won't let you down,

Car finance means less money for you EVERY SINGLE MONTH just to impress a person at a stoplight you will never meet😂🙈🙈🙈

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Nipun Patel 30/12/2021 - 5:26 Chiều

Really good and clear explanation bro

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Clinton Maria 30/12/2021 - 5:26 Chiều

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Fay Ahmad 30/12/2021 - 5:26 Chiều

You literally didn’t answer the best way to finance a car. Is it bank loan? Then sell the car when you’re ready

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Danny Torrez 30/12/2021 - 5:26 Chiều

If a used car price is 14,000, how much do I need to put down to have monthly payments of let's say 350 a month?

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Ashley Miller 30/12/2021 - 5:26 Chiều

Is canada drives a good company to go through plesse help!! Anyone I need to know before I sign
I had bad credit but they got me on a finance plan for a 2015 Chrysler 200s asking $18,999

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Dan MGTOW Bruno 30/12/2021 - 5:26 Chiều

Lol I think completely differently I normally just buy a nice reliable £1000 car like my recent VW Passat TDI that will proberly last me a long time.

I rather have savings and see more of my payslip every month.😂💯

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Aaron Merjil 30/12/2021 - 5:26 Chiều

Cant just own a phone conpany here bud

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To the point Reviews 30/12/2021 - 5:26 Chiều

hes talking about shmeee

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Charles 30/12/2021 - 5:26 Chiều

I think the fact that you are technically saying that financing allows you to "afford more than you can afford" is very dangerous advice, and very stupid.

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Richard Bills 30/12/2021 - 5:26 Chiều

Thanks ultimatecreditsolutions@yahoocom for the help you rendered.

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SCOORAP PAP 30/12/2021 - 5:26 Chiều

Buy things which appreciate in value and rent things which depreciate in value! Rich man advice!

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Wayne Bhagan 30/12/2021 - 5:26 Chiều

Great video I totally agree forget buying cash and having all that money tied up siting there.

HP is good if you finally want to own the car or have equity as a part exe on the next one.

PCP is for the wannabes show off, low deposit & low monthly but you can’t actually afford the car. Negative equity at the end and huge ballon that you will never afford to pay off. So the finance company sells the car twice and wins.

I’ve seen examples £150k Lambo Hurrican. £15k deposit, £1,300 a month for 4yrs. £100k ballon.

Lease is great if you just want in & out no equity. Fixed monthly payments give the car back when it’s done and walk away. It’s like a long term rental. You own nothing at the end of the agreement.

Need to also factor in running costs. Insurance, servicing, tyres, fuel, road tax, parking & storage, valeting + big bills not covered under manufacture warranty.

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Gazi Dogan 30/12/2021 - 5:26 Chiều

Hello I want to ask something when you not pay finance if i sale or take car other country what happens he put ccj or any other penalty? Please answer

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Gazi Dogan 30/12/2021 - 5:26 Chiều

Hello I want to ask something when you not pay finance if i sale or take car other country what happens he put ccj or any other penalty? Please answer

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Gazi Dogan 30/12/2021 - 5:26 Chiều

Hello I want to ask something when you not pay finance if i sale or take car other country what happens he put ccj or any other penalty? Please answer

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William A-D 30/12/2021 - 5:26 Chiều

good video

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Michael Hall 30/12/2021 - 5:26 Chiều

Thinking of leasing a car for my company. Can you explain for us the implications of IFRS 16 on corporation tax? Is the tax charge calculated in accordance with the new accounting standard, or are we now seeing significant deferred tax balances as a result?

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Zaire 30/12/2021 - 5:26 Chiều

Great vid thanks

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Matthew Gammond 30/12/2021 - 5:26 Chiều

A hot topic that I see a lot of people worrying about is excess mileage. Specifically, if you terminate your contract early and have excess mileage, can the finance company charge you for that excess.

Obviously if you let your term wind down as normal you are liable for any excess mileage at the end, but if you end your contract half way through, does the finance company have any leg to stand on?

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L J 30/12/2021 - 5:26 Chiều

Can you sell a car thats still got finance owed on it?

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BEN16 30/12/2021 - 5:26 Chiều

Do you just do property now or do you still do some trading?

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NobleGangsta13 30/12/2021 - 5:26 Chiều

Very good video, big fan of your content, will head over to the site now.

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Duncan 30/12/2021 - 5:26 Chiều

Hi Anish, great video! I have a PCP, how often should you exchange an old vehicle for a new? Is it every 3 years? also, should I buy my PCP outright at the end of my agreed term and sell it myself privately, would I get more money for this than exchanging for another vehicle with the dealer?

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MadAGasCar 30/12/2021 - 5:26 Chiều

Option where interest isn't involved because of religious beliefs

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Adam Din 30/12/2021 - 5:26 Chiều

Earning around 220k per year. Do you think it’s reasonable to purchase a car worth 100k? Thinking of Porsche 911 992🤔 unsure ….

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///M SHAHID 30/12/2021 - 5:26 Chiều

Very informative video for beginners. You forgot to
Mention one major thing- end of contract charges. These companies Sting people with charges when the vehicle is returned back I.e Kerbed Alloys etc.

So take good care of the car and be prepared to pay charges for the Damage.

On a personal note, I’m looking to buy a hurracan/gallardo. As these cars warranties have now expired – if they where financed would it cover catastrophic engine failures

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Cameron Williams 30/12/2021 - 5:26 Chiều

Can I just ask like putting the finance on the svj and then selling it on like ‘some people do’ to make money, how they do it? Due to my understanding being you can’t sell vehicles privately, and not many garages I know offer cash for vehicles anymore, they normally do part exchange to clear? (Is this different for more expensive cars?)

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James Dean 30/12/2021 - 5:26 Chiều

Also leasing cars within a business is not what it used to be. There is now a tax liability for the user unless the vehicle is clearly commercial like a van. If you only want that specific car for 2-3 years then always best to compare the lease to PCP cost. Neither is better or worse proposition other than PCP you have more flexibility to end early (most likely having to pay off negative equity). Leasing can be more tricky of you want to add a private number plate for example. Also parking/speeding tickets etc all get sent to the leasing company and they will often charge you an admin fee for forwarding on. PCP when you buy will take in a part exchange, if you lease a car you can't part ex your current car so have to sell privately or webuyanycar.com

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James Dean 30/12/2021 - 5:26 Chiều

Great vid as always Anish. Regarding negative equity unless you pay a massive deposit you will be in negative equity on a PCP for most if not all of the term. Rarely are you going to be left with anything at the end unless you are under mileage and getting out early will always cost you money – decreasing the closer you get to the end. New cars always benefit from better finance rates as are subsidised by the manufacturer. This often makes 1-2 year old cars more expensive to finance than just buying brand new. Where are you finding the 3% rates? I've not seen these anywhere other than new cars. Used cars you will be 7-10% at least. Any chance you could share some of the finance companies you've used (if different to the ones the manufacturer offers through the dealer)?

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waveyLP 30/12/2021 - 5:26 Chiều

Great information for people in the market. I personally went for a bank/personal loan when purchasing my recent car. The reasons weren't for the interest rates (they were similar) but for the reason i can make as many over payments as I want without no additional cost or settle the loan in full early with no extra cost. I think when buying a car if you are going to finance it you may want to ask about over payments if it is something you consider doing.

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Rants Bants & Reviews 30/12/2021 - 5:26 Chiều

Higher Purchase or Hire Purchase? Haha! Overall great insight into the world of car ownership! Worth mentioning dealers often reduce the purchase price of vehicles if you opt for the finance they provide as they're making great commission per sign up!

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Sheak RAHMAN 30/12/2021 - 5:26 Chiều

Thank you very much I’m only 17 I didn’t know nothing about properties I really wanted to work as a property investor and you really help me I watch all your videos thank you . Can get reply back please

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