Saving money on car finance

Thu, 28 Feb 2008



Financing a new car opens up a lot of potential to pay over the odds, with less competitive car finance and car insurance common in the market . However, putting your time into researching the market could make all the difference when it comes to actually purchasing a vehicle, experts say.

Repeated studies have reiterated that choosing the most competitive low-rate unsecured personal loan on the market could be £1000s cheaper than opting for dealer finance . Traditional dealer finance could result in high monthly repayment, industry experts claim.

Another reason why arranging finance prior to purchase can save money is due to the bargaining power it could potentially give to the consumer. With a loan agreed in principle, getting a comparison with dealer finance is easier, and with cash in hand the buyer is in a powerful position.
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