Agreed, I always completely disregard any of the fancy talk which salesmen out around the figures, and simply work it out as a cost per annum. I.e. spread your deposit over the term, cost of tax if applicable, and so on. Someone trying to sell you a car can manipulate figures to make it seem a better deal, for example by including your part exchange in the deal and so on. Way to approach that is to work out what equity you'd have in your PX selling separately, then divide that over the term too. I.e. £1800 equity = £50 a month over 36 months.
You sometimes get a bit of a saving by putting in a higher deposit, but it's rarely a huge difference (perhaps the interest on that amount at best). some people prefer @ large deposit as it brings down the monthly payment, however you're still paying the same overall, so you definitely need to factor in everything and consider the full picture.
You sometimes get a bit of a saving by putting in a higher deposit, but it's rarely a huge difference (perhaps the interest on that amount at best). some people prefer @ large deposit as it brings down the monthly payment, however you're still paying the same overall, so you definitely need to factor in everything and consider the full picture.
