Top reasons to finance a used Vauxhall

If you're thinking of investing in a used Vauxhall, you could choose to fork out for the vehicle from your savings or use second-hand Vauxhall finance. We think finance is the best choice for most people - here's why:

1. You can buy the Vauxhall you want

The top reason to finance a used Vauxhall is that you can choose exactly the car you want. With a finance arrangement, you'll be able to afford a much better car than if you used your savings. For example, rather than using your £1,000 in savings to buy a basic 2002 Vauxhall Corsa, you may be able to use financing to get a 2013 Vauxhall Corsa SXI with sports seats, air conditioning and privacy glass.

2. You can improve your credit score

If you set up a finance arrangement, it will appear on your credit record, and as long as you make your payments on time every month, it will help to improve your credit score. This means that a few months or years down the line, more options for credit (such as credit cards and mortgages) will become available to you - which will be particularly beneficial if you've been turned down for credit in the past.

3. You can protect your savings

Buying a car outright with savings will mean you don't have to pay any interest and you own your car from the beginning. However, if you're planning to use most of your savings, it will also mean you don't have much money to fall back on if an emergency crops up. Using finance means you'll still be able to get a new car, and you'll also be able to keep your savings in the bank in case an unfortunate event (such as sickness or home repairs) occurs.