Advice urging consumers to consider all
their options before accepting dealer finance featured heavily in
an article published recently by the Daily
Express.
David
Walker, loans business manger at Sainsbury’s Finance, was quoted as
saying consumers should bargain when buying car finance, adding:
“Motorists spend time and effort choosing their vehicle and getting
the best price, then sign the first car finance deal they are
offered. Shop around for the best rate and negotiate your vehicle
price separately from any car finance agreement.”
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The
Finance & Leasing Association’s head of motor finance Paul
Harrison also featured in the article, saying consumers should
consider a full range of finance options, adding that leasing could
make financial sense, particularly to consumers in the habit of
changing their car every few years.
The
Express article gives credence to a recent survey by BMW
Financial Services reported last week on motorfinaceonline.com,
which revealed that although nearly half of consumers take at least
a month to buy a car, 22% take less than two hours to decide to
take out car finance.
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