Car finance: a terrible way to pay for your new car

More and more new car buyers are turning to dealer finance. This is not a good way to pay for a car!

New figures from the Finance & Leasing Association (FLA) make for grim reading in my view.

65% of car buyers are letting dealerships sell them the credit to buy their vehicles. This is up from 47% two years ago and it includes hire purchase, leasing and dealership loans.