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If you are buying a new car you need to think about what you need from it. It's all too easy to think the new Audi convertible looks great, but will you fit your kids in? Where will the car seat go? Will you fit your weekly shop in the boot?

This means you will have the car for the duration of the lease, pay a rental figure on it with the option at the end of the deal to pay a lump sum to keep the car, if you don't want the car you simply return it to the dealer.

It's a bit like renting a place, but you have the option to buy at the end. This is a great option if you need to be seen with the right car, need to have a car for work but are not going to start making the big bucks until a few years time this option allows you to have the flashy car but not having to pay a huge loan back until you are earning more money. With car hire purchase, or lease purchase it allows all the freedom in the world.

On a lease purchase deal you can dramatically reduce your monthly repayments but keep your dream car. Just by restructuring your agreement or moving onto a different deal it could lead to lower car payments per month.

As with any big financial decision, make sure you get everything in black and white before you commit to your new car finance deal, and for that matter the car itself. If the seller puts in writing their agreement to carry out any work that needs to be done for example paintwork.

With this option if you do not keep up the repayments they may take the car from you. This type of finance either comes as a loan, say from your bank or building society, or from the dealer or a specialist car finance broker.
IFA Car Finance are specialist in Car Finance East England, Regional Car Finance and Car Finance Loan