According to recent research by financial
information website Moneyfacts.co.uk, spending a bit of time
seeking out the best
personal loans for
car finance rather than simply walking into a
car dealerships, could result in whopping
savings when it comes to
car purchase .
Moneyfacts analysed a number of
car
finance products, and found great difference in
rates from provider to provider. Those that chose the least
competitive over the most competitive could pay over £3000 more for
their car finance deal.
An analyst for the site, Michelle Slade, reportedly commented:
It may seem easier to opt for the forecourt finance
that’s offered at the garage, but checking out what’s
on offer on the rest of the
market could see you making significant savings. Motorists
everywhere are now searching garages all across the country to find
the best deal for the new 08 plate
cars . Unfortunately the same effort is rarely put into sorting
out the
best finance for the car and getting this wrong can be an
extremely costly mistake.
