You are here: Home - Insurance - News -

Motorists pay through the nose

Written by:

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.”

Related Posts


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Secured loans play catch up with personal loans

Rates on secured loans are becoming more competitive than those on the average personal loan, according to financial comparison website MoneyExpert.