Sourcing a car loan or car finance option can be a lengthy frustrating operation as you attempt to compare the benefits and flaws of each company as well as the product itself. If you have decided on sourcing the company first, for example you know you like the Vauxhall range and so you're decision will be heavily influenced by the retailer and their particular finance options and offers.

Approved Vauxhall retailer Pentagon offer a number of finance options; one being a pentagon car loan, which in essence is a hire purchase agreement. This option can last anything from a single year to a lengthier 5 years and is down to the customer’s preference.

This option is very similar to a secured bank loan in that the loan is secured against the value of the car, if at any time you default the company can come and reclaim their property. Once you have decided on the car you desire, you calculate how much of a deposit you can put down, the more you put down now the cheaper your monthly payments will be throughout the term.

Another way to make your monthly payments cheaper is by taking the loan out for a longer term, however this will increase the total amount you pay. Ultimately it’s about looking at your individual financial situation and putting your signature to an agreement that is best suited.