Following on from the uSwitch.com study
yesterday that indicates thousands of UK motorists will waste
millions of pounds by taking out non-competitive
car
dealer
vehicle finance on new ‘08’
registration plates this march, other experts have warned
consumers to drive a hard bargain and not get taken for a
ride.
uSwitch, research, was reported yesterday, found that consumers
could waste thousands of pounds on unnecessary
interest repayments by choosing expensive
dealer finance as opposed to the most competitive unsecured
personal loans .
The head of
personal finance at uSwitch, Mike Naylor, pointed towards
several top tips or getting cheap
car finance . These included shopping around
for personal loans well in advance of finding a car, staying
aware that 0 per cent car finance requires a big
deposit, and always checking the size of the final
payment.