One leading insurance company have pointed out that many consumers rush into their car finance and car insurance transactions, without considering how much money they could be saving elsewhere.
Esure found that 35 per cent of people don’t get insurance quotes when purchasing a new car . A further 43 per cent didn’t think they would ask a car salesperson what insurance group their new car fell into.
The apathy spread to car finance deals. Around 26 per cent would spend less than two hours searching for a way in which to buy their car . The financial terms surrounding car finance were also viewed as confusing.
The director of underwriting and business development at the firm, Colin Batabyal, reportedly commented: "As a nation we're always out for a bargain and value for money, yet motorists aren't putting this into practice when it comes to buying a new car."
Do not rush when it comes to car finance
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Do not rush when it comes to car finance
Mon, 20 Aug 2007
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