Loan explained :

Buying outright means a major cash outlay, while a loan purchase will allow you to stage your payments, and keep the car at the end of the term.

But you mayl have to make a significant down-payment at the outset, and don’t forget that the company selling you the car will be charging competitive interest rates, so it is worth checking how much it will cost you to borrow the total amount from a bank or building society.

And at the end of the day your car will have gone down in value and may eventually bring you all the additional costs incurred by old vehicles going wrong. But throughout the arrangement things will be clear. You will know how much you are paying, for how long, and when the car becomes your own.