It pays to shop around for the best deals on car loans

Joyce Fegan seeks expert advice on steps to take to ensure you get the best value for your money

Second-hand cars are a popular buy due to how quickly the value of a brand new vehicle depreciates as soon as it drives off the forecourt. Just because you’re buying a used car though doesn’t mean it’s cheap, so you still have to finance it.

Some options include a loan from a bank, a credit union, or finance from a car garage. There are pros and cons to all of the above options so shop around for credit before you shop around for your car.