Save £1,400 choosing personal loan over forecourt finance

The case for choosing a low rate loan over forecourt finance when buying a new car has been strengthened by new research from a price comparison website.



Moneysupermarket.com claimed that opting for a low cost loan could save those buyers heading out for a new 07 registration car more than £1,400 each on average over three years.

Drivers could save further money by purchasing their new vehicle online, the website advised, potentially saving thousands of pounds on their dream car.

The website's director Richard Mason said: "Whilst people are willing to buy expensive goods such as flat screen TVs online, often having identified what they want in the showroom, they are more reluctant to buy a car in the same way.

"However, the chance to knock nearly a quarter off the list price just by buying your new car online should make far more motorists sit up and take notice of this opportunity."

He also urged drivers to review their car insurance when buying a new vehicle, in order to take advantage of new discounts and make sure they get the best deal.

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