Motorists pay through the nose
Motorists may be paying out more than they need to when buying, insuring and financing their new car, according to insurance company Esure.
The research shows that 78% of Brits are more likely to negotiate at a car boot sale than they are on a car forecourt.
Furthermore, more than 2.3m motorists said if they were to trade in their current car as a part-exchange, they would not bother to check its current market value before making the swap. Less than half (46%) of motorists would not get an insurance quote before purchasing a new car.
Mike Pickard, head of risk and underwriting for Esure, said: “We’re known for being a nation of bargain hunters and are always out to get the best deal – but when it comes to buying a new car so many motorists are failing to put the theory into practice.
“It’s crucial for all motorists looking to buy a new ‘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 else pay the price.”