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Look for car insurance and car loan bargains, new buyers told

12 May 2008

Motorists have been warned they may end up paying over the odds for a new vehicle if they do not carry out proper research.

E-Sure car insurance has issued four "top tips" - negotiate a bargain, cut the cost of car insurance, find the best finance deal and reduce motoring costs - in order to save drivers money, the Daily Express reports.

Potential buyers are reminded prices for cars in salesrooms are not absolute and that they should be prepared to haggle.

It is also recommended that time is taken to shop around and research car insurance and loan before deals are signed, as well as looking into running costs are considered before purchasing a new model.

Mike Pickard, from the organisation, said: "It’s crucial for all motorists looking to buy an ’08 plate to do their homework, shop around for the best deals and be both confident and clued up in front of a salesperson – or pay the price."

Switching car insurance providers before buying a new car may be one way to save money, as companies are believed to be raising costs for current customers in order to offer new customers discounts.