Industry News from Yes Insurance

People in the UK may find that they save money buying a car with a personal loan than with a finance deal, it has been claimed.

According to Loan Genie, drivers will squander £174 million on finance this March by opting not to look around the market for a good loan.

Motorists are expected to flood the market next month, when updated 2008 registration plates are put on new vehicles.

Indeed, the extra money could come in useful when motorists are looking to pay car insurance and road tax bills.

Speaking on behalf of Loan Genie, Stephanie Rogers said that those who cannot save up the cash for a new car outright should consult the market for a competitive loan deal.

"Choosing a competitive personal loan, instead of plumping for the finance deal, can sometimes even give motorists more bargaining power," remarked the official.

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