Drivers Advised To Get A Loan Before Buying A Car
A cheap loan could be an effective tool for motorists trying to strike a good deal when trying to get a new set of wheels.
This was the advice given by Alliance & Leicester which states that obtaining a cheap loan can be a efficient bargaining tool for drivers requiring a brand new vehicle. In getting the instant financial backing offered by this type of credit, it was suggested that people might be in a better position to haggle with car tradesmen quickly and effectively as they are now able able to make an immediate purchase and drive the automobile off the forecourt on the same day. This could also mean that not only do people negotiate a significant discount on a car but the financial services company commented it might also assist in landing 'extras' for their vehicle such as cruise control, an mp3 player or extended warranty.
Indeed, not only could getting a quick car loan help motorists in purchasing the vehicle of their dreams, the financial assistance which is provided by borrowing in this way could also help people to keep tabs on additional constraints on their spending.
Mark Boyle, personal loans manager for Alliance & Leicester, commented: "Having the money to hand means motorists can concentrate on buying at the best price, without being enticed into driving out pricey vehicle dealer finance that can see them lumbered with double-digit interest rates. It might also swing things in the buyer's favour when thrashing out a deal for part-exchanging an old motor. Getting finance arranged before going shopping for cars is essential if you want to be in the position of power in negotiating a good deal."
He also added that as a car is usually one of the most expensive items they will purchase, it is good practice for people to carry out some "research before heading to the showroom and be prepared to haggle when you are there. It could save you hundreds of pounds or more". The personal loans manager additionally reminded that those on the search for a vehicle may well be likely to find themselves in "a battle of wills with the salesman", as the car salesman will be wanting to sell at the best price, while it is necessary for the buyer "to side-step the patter and make sure they do not pay over the odds".
Furthermore the financial services firm advised those on the hunt for a brand new vehicle to make sure that they keep an eye open for any undisclosed expenses - such as number plates, administrative charges and delivery charges - which they may have to meet. Taking the car for a test drive was also recommended to ensure that there are no problems with the car before signing on the dotted line.
Those wanting monetary help for financing a new car might want to think about getting some car finance allowing them to bargain with car salesmen on getting a good price on their dream set of wheels. And in getting a cheap loan, buyers may find that they are left with repayments that are nice and easy to make. This might be particularly helpful for women after a recent Experian study identified that 40 per cent of females think that the initial spend needed is a major consideration when getting a new car.
This was the advice given by Alliance & Leicester which states that obtaining a cheap loan can be a efficient bargaining tool for drivers requiring a brand new vehicle. In getting the instant financial backing offered by this type of credit, it was suggested that people might be in a better position to haggle with car tradesmen quickly and effectively as they are now able able to make an immediate purchase and drive the automobile off the forecourt on the same day. This could also mean that not only do people negotiate a significant discount on a car but the financial services company commented it might also assist in landing 'extras' for their vehicle such as cruise control, an mp3 player or extended warranty.
Indeed, not only could getting a quick car loan help motorists in purchasing the vehicle of their dreams, the financial assistance which is provided by borrowing in this way could also help people to keep tabs on additional constraints on their spending.
Mark Boyle, personal loans manager for Alliance & Leicester, commented: "Having the money to hand means motorists can concentrate on buying at the best price, without being enticed into driving out pricey vehicle dealer finance that can see them lumbered with double-digit interest rates. It might also swing things in the buyer's favour when thrashing out a deal for part-exchanging an old motor. Getting finance arranged before going shopping for cars is essential if you want to be in the position of power in negotiating a good deal."
He also added that as a car is usually one of the most expensive items they will purchase, it is good practice for people to carry out some "research before heading to the showroom and be prepared to haggle when you are there. It could save you hundreds of pounds or more". The personal loans manager additionally reminded that those on the search for a vehicle may well be likely to find themselves in "a battle of wills with the salesman", as the car salesman will be wanting to sell at the best price, while it is necessary for the buyer "to side-step the patter and make sure they do not pay over the odds".
Furthermore the financial services firm advised those on the hunt for a brand new vehicle to make sure that they keep an eye open for any undisclosed expenses - such as number plates, administrative charges and delivery charges - which they may have to meet. Taking the car for a test drive was also recommended to ensure that there are no problems with the car before signing on the dotted line.
Those wanting monetary help for financing a new car might want to think about getting some car finance allowing them to bargain with car salesmen on getting a good price on their dream set of wheels. And in getting a cheap loan, buyers may find that they are left with repayments that are nice and easy to make. This might be particularly helpful for women after a recent Experian study identified that 40 per cent of females think that the initial spend needed is a major consideration when getting a new car.
About the Author:
Mark Dawson writes for the Loan Arrangers. Where visitors can compare cheap loans online, and apply for the best rate personal loans, and tenant loans available to them.
posted by Credit Counseling at
4:56 AM
0 Comments
