Motorists shopping for new or used cars should think as hard about Car Finance as they do makes and models, according to Reuters.
Citing a recent study by esure, the agency reports that one-fifth of consumers spend over 20 hours browsing magazines and considering different models - yet a quarter spend under an hour considering finance.
Reuters also states that the study illustrates how motorists are less likely to take into account car insurance - with 35 per cent neglecting to get a quote in advance of making their purchase.
An option suggested to help drivers with car finance is using their old car as money towards a deposit and looking at loan options.
"Be aware, though, that achieving headline rates on low-cost personal loans will depend on your credit rating," the article warns.
According to moneyhighstreet.com, a recent AA survey showed that this year around 22 per cent more drivers are expected to consider options such as guaranteed car finance and secured Car Loans.
© Adfero Ltd
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