Recent figures from uSwitch.com showed that consumers could save £1,094 each by opting for a personal loan over a traditional car finance deal when buying a new motor.

The above really does depend upon your credit rating. Yes you can get better rates on a personal loan rather than going through a traditional broker who add their fee on top! However not all people can get accepted for a personal loan with their banks.

I agree - personal loans can be better when borrowing between £2000 - £20000. However if you are after a bigger loan for a bigger purchase dealer finance and PCP's work out very well.