Be sure to check interest rates before making a new car deal or you’ll have to beat the odds

There is so much emphasis on getting the car we want at the price we want that we can overlook the cost of financing.

There are still offers out there, but I was surprised at how much some interest rates on PCPs have risen.

I don’t have to tell you that interest rates are rising inexorably.

But there are still savings when you shop around.

Not everything has to be on PCP, but even where you go that route, be aware that there are tariff differences within model lines based on what and when you sign up.

Perhaps a term loan from your bank, or more likely your local credit union, can fetch better value in some cases.

I think this is especially true when you want the car to be yours at the end of the term. As you know, most people who complete a PCP do not intend to end up buying the car outright and moving on to a new model and trading.

Regardless, I think you’d do well to look around here. I think there must be savings.