Please, please, please check and ensure you are clear on the terms of any loan or finance agreement before making your final commitment.

Look at the rate, annual percentage rate (APR) and overall cost of the borrowing to ensure you are getting the best deal before you sign on the dotted line.

It is possible to get caught up in the monthly payments being 'affordable' while ignoring the actual cost of the loan over the term.

The figures you need to know are the 'annual percentage rate' and 'total cost of borrowing' so that you can see over the term of your new loan which product and provider will deliver you the new loan at the lowest overall cost, taking into account any fees or charges applicable.