16 August 2006  Car savings revealed
Along with looking for a competitive car insurance deal, consumers looking to buy a new vehicle could save money by choosing a low rate personal loan rather than dealer finance.

uSwitch has revealed that people could save £1,171 on car finance repayments if they opt for a low rate personal loan.

It also states that someone buying a Ford Focus with a retail price of £13,457,00 could save in excess of £3,100 by opting for a loan with an interest rate of 5.6 per cent.

Nick White, head of personal finance at the comparison website, comments: "Paying too much for car finance is really easy to avoid.

"By organising the loan before visiting the car showroom, people will not feel pressurised to get the cash quickly to secure the car of their dreams."

Mr White also recommends that motorists should also use comparison websites to search for "the most competitive personal loan for their purchase".

In related news, confused.com has stated that car insurance premiums have increased due to the activity of 'girl racers'.

Premiums where found to have increased by £8 in the second quarter ? an increase that confused.com argue is due to more women in the 21-25 age bracket modifying their cars.


© Adfero Ltd

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