Thame Driving Blog

    Funding Your Car With Confidence

    Thame Driving Blog

    About 2 years ago I was approached by several customers about information that we know as "motor industry experts" but is unknown to the wider public.

    I thought that knowing what to do to pass your MOT or how to claim money back if you hit a pothole was easy information to find. Apparently not, and anayway when it comes to cars and motoring, what I have found is that there is alot of guff and untruths out there. The feeling I got was that people want to listen to people that they trust.

    So....I started writing articles about useful motoring information, amusing tales and local information. I now send this out to over 2,000 people on a monthly basis along with other motor related emails and generally get really good feedback. In fact what happens now is that my readers are now telling me what to write about.

    I hope you enjoy the articles and if there is a particular topic you want to know about then please let me know.


    Purchasing a car is the second most expensive thing after buying a home; so understanding the best deals on finance are essential.

    Nowadays there are so many options from buying outright to buying a car on finance.

    It’s normal to have hundreds of questions running though your mind before actually purchasing a car; should I really be using all my savings? What if there is an emergency? Do I really want to be paying monthly for my car when I have so many other direct debits? Which finance option is best suited for me?

    There are two main financing options available:

    Option 1: Hire Purchase is a form of buying a car on finance and is paid in installments; payments are spread over 12-60 months. They are super quick and easy to set up with little or no deposit and even have flexible repayment terms.

    Hire Purchase

    Options 2: Personal Contract Plan has a slight variation on hire purchase and tends to result in lower monthly payments, instead of buying the car outright; you agree to pay the difference between its sale price and its price for resale back to the dealer.

    At the end of the term you have three options:
    1) Hand back the car to the dealer and pay nothing

    2) Trade the car in and start all over again

    3) Pay the resale price of the car and keep it.

    This is usually based on a forecast of annual mileage over the term of the agreement. This is a great option if you want lower monthly repayments and want to change your car frequently.

    Personal Contract Purchase

    Of course you can always just pay cash and take up the finance option.