Car finance - lease or loan?

AlastairSC

Registered User
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357
We need a second car for about two years. Having read the posts in the forum against new cars, depreciation etc in won't be new. Been looking around and feeling a bit shocked by the price of two-three year old family saloons. (Bought our other car with a cash windfall years ago. They've gone up a lot.) Was wondering about these options as alternative to straight unsecured car loan from bank, CU etc:

- asset-backed loan (secured on the car). Lower rate?
- leasing

Would prefer to sort the finance before approaching a dealer rather than sign up to their in-house finance offers. Who does these finance options? What should I look out for?
 
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