Those looking to purchase a new car next month should make sure they check all options on their finance package,bolsos chanel España.
In figures released earlier this week by uSwitch,Gafas ray ban, thousands of motorists who are to buy a 57 registration vehicle from September 1st are set to waste millions of pounds by opting for uncompetitive forecourt finance deals,gafas carrera. As a result of choosing such an option,bolsos chanel online,Related articles:
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http://gafascarreraoutlet.webs.com/, above taking out a low-rate personal loan,gafas carrera, Britons could be unnecessarily spending £985 each in interest payments,oakley españa. Overall,gafas ray ban 2013, consumers were revealed as losing out to the tune of more than £175 million. Findings from the firm also showed that 2.3 million cars were sold across Britain over the course of last year,Ralph Lauren Online, with 413,991 being bought during September and a similar figure expected to be sold next month.
A driver taking out just under £7,oakley gafas,000 to purchase a Ford Fiesta 1.4 diesel was indicated as being charged an average 12 per cent in annual interest via a showroom finance deal offered by Perrys,chanel España, paying back £2,282,Ralph Lauren España.20 over five years. However,gafas carrera 6000, by choosing the same model but plumping for a cheap personal loan the financial services firm revealed consumers may only face interest set at 6,gafas carrera graduadas.3 per cent,Ralph Lauren España, with £1,gafas ray ban wayfarer,150 the total interest payable. This in turn could save them some £1,gafas de sol oakely,132,Gafas ray ban.20,gafas sol ray ban. By choosing their finance options wisely anybody looking to buy a Renault Megane could save as much as £1,oakley españa,207 better off. Savings of £1,076 were said to be available on a five-door Ford Focus if more competitive spending options were pursed by British borrowers.
Personal finance expert for uSwitch Mike Naylor Said: “Finance deals offered by car dealerships can be expensive,gafas carrera españa, and unwitting motorists could end up paying as much as £1,gafas sol carrera,131 extra for their dream car. However,gafas sol carrera, there is a simple win-win solution,gafas oakley outlet. Finding a competitive loan could save consumers almost 15 per cent off the price of a new car (through the savings made on interest repayments),lentes carrera, additionally, having the money ready to buy the car will also give them more bargaining power to get the best purchase price,Polo Ralph Lauren.
“Just because you can get the best deal on a new car from a dealer,ray ban españa, doesn’t mean that they will offer you the best finance package,Lentes ray ban. The message couldn’t be simpler – don’t pay more for the finance on your new car than you have to.” Consequently he advised those considering buying a vehicle next month to make use of a price comparison website to find the most competitive deals possible.
Earlier this year,bolsos chanel, uSwitch suggested that those 400,000 Britons who purchased a 07′,ray ban españa,Brtis Advised To Shop Around Before Signing Up For Car Finance; registration model in March have lost out on £228 million by opting for expensive finance options instead of low-rate borrowing. As a result,ray ban clubmaster, Nick White,Lentes ray ban,Related articles:
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http://gafascarreraoutlet.webs.com/, director of financial services for the price comparison website,Polo Ralph Lauren, stated those who let the thought of a shiny new car sway them into choosing a showroom deal out of plain convenience could find themselves under an unmanageable “burden” of debt,gafas carrera 6000.
“Not only is a personal loan cheaper,bolsos chanel, by organising the loan before visiting the car showroom,chanel España, people will not feel pressured to get the cash quickly to secure the car of their dreams,” he claimed,gafas ray ban graduadas. Mr White also reported that opting for a finance forecourt borrowing plan could see consumers pay interest at some 4,oakley gafas.22 per cent above the most competitively-priced personal loan deals available on the market and twice the rate set by the Bank of England’s monetary policy committee,gafas sol ray ban.
His comments were echoed by Steven Baillie,Brtis Advised To Shop Around Before Signing Up For Car Finance,polo ralph lauren baratos, loans manager of Sainsbury’s Bank,gafas carrera españa. Although statistics from the financial services provider showed that personal loans are set to make up 15.8 per cent of all car purchasing over the coming months he claimed that Britons could still be losing out on millions of pounds.