Why finance is better than cash for buying a new car
Cash has historically been the best way to get a good deal on a new car, but our research reveals you could save more than £10,000 by buying on finance...
Biggest finance savings on family SUVs
Peugeot 3008 - save £718
Model Hybrid4 300 GT-Line
List price £43,510
Cash Target Price £42,655
Total finance cost £41,937
There’s more to the 3008 than bold looks; it’s rewarding to drive, has plenty of space and is as well equipped as pricier rivals. While most 3008s are best bought with cash, the range-topping GT-Line Hybrid is cheaper on finance.
Vauxhall Grandland X - save £1500
Model 1.5 Turbo D Griffin
List price £30,130
Cash Target Price £28,453
Total finance cost £26,953
The Grandland X shares its mechanicals with the Peugeot 3008 and offers similar comfort and practicality. Most versions are cheaper on Vauxhall’s PCP deal; savings range from £1400 for the 1.2 petrol to £1500 for the diesel.
Biggest finance savings on large SUVs
Ford Kuga - save £1179
Model 1.5 Ecoboost 150 Titanium
List price £27,855
Cash Target Price £26,084
Total finance cost £24,905
The Kuga is already well priced, and you can save on any model by taking Ford’s PCP deal. The biggest savings are on 1.5-litre petrol models, but you can save £1000 on the plug-in hybrid too; this has an electric-only range of 35 miles.
Kia Sorento - save £1049
Model 2.2 CRDi GT-Line
List price £38,410
Cash Target Price £36,613
Total finance cost £35,564
The Sorento is spacious and well equipped and all versions are fitted with four-wheel drive. All Sorentos are cheaper through Kia’s PCP finance; savings range from £457 on the cheapest KX-1 trim to £1049 off the pricier GT-Line.
Volkswgen Touareg - save £1500
Model 3.0 V6 TDI 231 4Motion SE
List price £46,470
Cash Target Price £43,063
Total finance cost £41,563
The Touareg is cheaper to buy than rivals such as the Audi Q7 before discounts, and lower trim levels are good value for money. All Touaregs are best bought on finance; it’s £1500 cheaper than cash across the whole range.
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