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.
Such is the assertion of Alliance & Leicester which states that getting a cheap loan can be a effective bargaining tool for motorists requiring a brand new set of wheels. By having the required cash ready in hand, it was suggested that people might be able to barter with care salesmen quickly and effectively as they are now able in a position to make an immediate purchase and drive home with the car that very day. This could also mean that not only do people negotiate a significant saving on the price of the car but the financial services company commented it might also help to land 'extras' for their vehicle such as an extended warranty, higher spec or other goodies.
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, said: "Having the money to hand means motorists can concentrate on buying at the best price, without being enticed into driving out pricey vehicle dealer fund 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 better placed when 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".
Additionally the company advised those searching for a new car to make sure that they look out for any hidden costs - such as number plates, administration costs and delivery charges - which they may have to meet. Taking the car for a test drive was also recommended to ensure that there are not any problems with the vehicle before making the final purchase.
Those wanting financial help with purchasing a vehicle may want to bear in mind getting some car finance allowing them to bargain with car salesmen on obtaining a good price on their dream car. And in obtaining a cheap car loan, buyers might find that they may well be left with easily affordable repayments to make. This might be especially helpful for women as a recent Experian report showed that 40 per cent of females feel that the initial outlay needed is a major consideration when buying a new car.
Such is the assertion of Alliance & Leicester which states that getting a cheap loan can be a effective bargaining tool for motorists requiring a brand new set of wheels. By having the required cash ready in hand, it was suggested that people might be able to barter with care salesmen quickly and effectively as they are now able in a position to make an immediate purchase and drive home with the car that very day. This could also mean that not only do people negotiate a significant saving on the price of the car but the financial services company commented it might also help to land 'extras' for their vehicle such as an extended warranty, higher spec or other goodies.
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, said: "Having the money to hand means motorists can concentrate on buying at the best price, without being enticed into driving out pricey vehicle dealer fund 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 better placed when 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".
Additionally the company advised those searching for a new car to make sure that they look out for any hidden costs - such as number plates, administration costs and delivery charges - which they may have to meet. Taking the car for a test drive was also recommended to ensure that there are not any problems with the vehicle before making the final purchase.
Those wanting financial help with purchasing a vehicle may want to bear in mind getting some car finance allowing them to bargain with car salesmen on obtaining a good price on their dream car. And in obtaining a cheap car loan, buyers might find that they may well be left with easily affordable repayments to make. This might be especially helpful for women as a recent Experian report showed that 40 per cent of females feel that the initial outlay needed is a major consideration when buying a new car.
About the Author:
Mark Dawson writes for the Loan Arrangers. Where visitors can compare loans online, and apply for the best rate secured loans available to them.
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