A cheap personal loan may well be an effective tool for drivers bargaining on getting a favourable price when trying to get a new set of wheels.
Such is the assertion of Alliance & Leicester which reports that getting a cheap loan can be a practical bargaining tool for drivers requiring a new car. By having the required cash ready in hand, it was indicated that buyers might be better placed to haggle with car tradesmen quickly and effectively as they are now able in a position to make an immediate purchase and seal the deal that day and drive away with the car. Not only could this see people negotiate a significant discount on a car but the financial services firm commented it may additionally assist in landing 'extras' for their vehicle such as an extended warranty, higher specification or other goodies.
Indeed, not only could getting a quick car loan help motorists in purchasing the vehicle of their dreams, the financial assistance which is provided by borrowing in this way could also help people to keep tabs on additional constraints on their spending.
Mark Boyle, personal loans manager for Alliance & Leicester, said: "Having the money to hand means motorists can concentrate on buying at the best price, without being enticed into taking out pricey vehicle dealer fund that can see them lumbered with double-digit interest rates. It might also swing things in the buyer's favour when thrashing out a deal for part-exchanging an old motor. Getting finance arranged before going shopping for cars is essential if you want to hold the balance of power in negotiating a good deal."
He went on to comment that as a car is probably one of the most expensive items they will buy, it is a good idea for people to carry out some "research before heading to the showroom and be prepared to haggle when you are there. It could save you hundreds of pounds or more". The personal loans manager additionally reminded that those on the lookout for a car are possibly going to find themselves in "a battle of wills with the salesman", as the car salesman will be wanting to sell at the highest price, while it is important for the buyer "to side-step the patter and make sure they do not pay more than they should".
Additionally the financial services firm urged those on the hunt for a brand new vehicle to make sure that they keep an eye open for any undisclosed costs - such as number plates, administration costs and delivery charges - which they may have to meet. Going for a test drive was also recommended to make sure that there are not any problems with the car before parting with any money.
Those wanting financial help with purchasing a vehicle may want to bear in mind getting some car finance allowing them to bargain with car salesmen on obtaining a good price on their dream car. And in obtaining a cheap car loan, buyers might find that they may well be left with easily affordable repayments to make. This might be especially helpful for women as a recent Experian report showed that 40 per cent of females feel that the initial outlay needed is a major consideration when buying a new car.
About the Author:
Mark Dawson writes for the Loan Arrangers. Where visitors can compare loans online, and apply for the best rate secured loans available to them.a
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