According to a new report, the variety of
car finance deals on the
market are confusing consumers, who don’t do enough
research into
financing
their car to get the best deal possible on
vehicle finance .
A report by
insurance company eSure indicates that just 65 per cent of
consumers would negotiate to purchase a
new vehicle, whilst 2.3 million
drivers wouldn’t bother to check on the current market
value of their existing
vehicle when thinking about making a
part exchange .
Furthermore,
the insurance company found that 30 per cent of motorists would
spend under an hour choosing how to pay for their new vehicle. The
head of risk and underwriting at eSure, Mike Pritchard, reportedly
commented: We're known for being a nation of bargain
hunters and are always out to get the best deal - but when it comes
to buying a
new car so many motorists are failing to put the theory into
practice.
He reportedly continued: It's crucial for all motorists
looking to buy a new 08 plate to do their homework, shop around for
the best deals and be both confident and clued up in front of a
salesperson - or else pay the price.
