Debt Consolidation Credit Counseling In Phoenix

A cheap personal loan might be a useful asset for drivers looking to get a good deal when trying to buy a new vehicle.

This was the advice given by Alliance & Leicester which states that obtaining a cheap loan can be a efficient bargaining tool for drivers requiring a brand new vehicle. In getting the instant financial backing offered by this type of credit, it was suggested that people might be in a better position to haggle with car tradesmen quickly and effectively as they are now able able to make an immediate purchase and drive the automobile off the forecourt on the same day. This could also mean that not only do people negotiate a significant discount on a car but the financial services company commented it might also assist in landing 'extras' for their vehicle such as cruise control, an mp3 player or extended warranty.

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, commented: "Having the money to hand means motorists can concentrate on buying at the best price, without being enticed into driving out pricey vehicle dealer finance 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 be in the position 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 monetary assistance for financing a vehicle might want to think about obtaining some car finance allowing them to bargain with car salesmen on obtaining a good price on their dream car. And in obtaining a cheap loan, buyers may find that they are left with easily affordable repayments to make. This might be particularly helpful for women after a recent Experian study identified that 40 per cent of females consider the initial outlay needed is a major consideration when getting a car.