Consider finance options in used car purchase

Motorists looking to purchase a used car could be missing out on extra savings by refusing to haggle with the price.

New research from esure car insurance revealed that 64 per cent of people looking to buy a car were expecting to purchase a used model, but only 68 per cent admitted they would bring down the price of a used model.

Furthermore, 68 per cent of motorists don’t do any research on finance deals in the process of buying a car with 72 per cent of women and 64 per cent of men failing to investigate best rates on loans or credit.

Mike Pickard, head of risk and underwriting at esure car insurance, said that it was becoming increasingly important for drivers to ensure they get a good deal when purchasing either a used or a new vehicle.

“Whether it’s bargaining on the forecourt or shopping around for the right finance package or insurance cover, an hour or two of researching at home can make a real difference to your wallet,” he explained.


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