Huge car finance saving possible

Wed, 20 Feb 2008



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."
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