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Car loans customers 'should be driving a hard bargain'

Pushing for the right deal with car loans and vehicles has been highlighted as one way in which drivers can save themselves significant amounts of money.

Pushing for the right deal with car loans and vehicles has been highlighted as one way in which drivers can save themselves significant amounts of money.This week, both Andrew Hagger of Moneyfacts and Lori Lothringer, a professor of financial planning at Omaha's Metropolitan Community College advised that there are ways in which people can cut their expense when shopping for a vehicle.The Mirror reported that Mr Hagger said those looking "long and hard" at various vehicles should give equal attention to their car finance package and avoid the "overwhelming" temptation to take forecourt finance.Ms Lothringer focussed on how to spend once a car loan has been attained. She suggested that "keeping up with Joneses" was a mistake many people made and suggested that those who aim to buy new should consider pre-owned as an alternative.She concluded that for many people the money they save on opting for a used car can be used as a way of saving for the future. © Adfero Ltd

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