18 August, 2008

In the beginning of next month, new vehicle registration plates has been set to launch. It is important that those who are looking to buy a new car should do their research effectively.

According to the declaration of esure car insurance, 58 registration plates will go live on 1st September. At that time a number of Britons could be facing more fiscal pressure at the forecourt. A research conducted by the firm revealed that for a purchase of new set of wheels 68 per cent of drivers never put their time on search for several financial options available to them including personal loans and credit cars. Meanwhile, it seems that women do not bother that they are investing most of their money, around 72% of women said that they never used to investigate the finance options available in the market on offer. However, among men, such a proportion declined to 64 per cent of women.

The firm revealed that just 13 per cent of people investigate properly all the financial options to select a right deal before buying a car. However esure states that not checking annual percentage and flexibility of product can cost the motorists well.

According to the figures from the insurance provider company that consumers are under pressure with the recent drop in the financial markets. It is pointed that with the credit crunch, 64 per cent of motorists are planning to purchase used car instead of new one.

However, by investigating the finance options effectively when buying a car it may be possible motorists can find automobile loans at reasonable cost which can help them to purchase a new car of their choice. Taking a loan is an most appropriate option that would never let down your dream because of finance

At present it showed that 9 per cent of people purchased their last car using a personal loan, with 14 percent selected the finance deal proposed by a motor trader.

It was also revealed that a significant number of people do not opt for motor insurance while buying a car. Some 24 per cent of people reported that they will not look for a quote before getting a new set of wheels.