Now, the question arises from where to find the cheap and most reliable car loan deals?

If you intend to buy a new or second hand car and keep it for at least four years, then a straight loan or hire-purchase will cost you less in the long run.

Remember the car financing market is highly competitive. You will encounter a wide range of financing options. Before taking the plunge, weigh all the options available. The best way to avail the best financing options is to compare the deals available. When comparing quotes, look at the annual percentage rate (APR). Also keep an eye on the total cost of the loan. The total cost includes amount borrowed, added to the deposit, interest paid and other charges.