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Car loans customers advised on buying new

Saving money on buying a new car can be simple as long as motorists remember a number of things, one expert has advised

Saving money on buying a new car can be simple as long as motorists remember a number of things, one expert has advised

Lauren Tara LaCapra, in an article for thestreet.com, recommends avoiding tempting extras and sticking to the vehicle specifications you need is one way to maximise the value of your car finance.

She notes the importance of shopping around and states that this begins with selecting the right model in the first place.

"If you're single … an SUV … might be impractical. If you've got a family of five, a Jaguar F SK sports coupe doesn't make much sense. If you're on a tight budget, a luxury car like a Maybach DAI is probably over the top," she advises.

In addition to this, Ms LaCapra warns optional extras which seem so appealing on the forecourt, may prove to be an unnecessary expense - as often these can be picked up on the aftermarket at a "much lower price".

Also this week, a Motorpoint spokesman said car loans customers had made a "massive" shift towards lighter, more economical cars.


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