Motorists waste millions through dealer finance
Monday, 19 February 2007
Motorists could waste upwards of £228m through car showroom finance deals during the March plate change, according to price comparison website Uswitch.

Research by the website claimed the average car showroom finance deal charges 10 - 12 per cent in interest - 4.22 percentage points over the best loan deal. It said drivers are set to waste on average £1,200 on cars with the new 2007 number plates. “A rushed decision or just taking the finance deal offered by the car dealer could turn out to be a long-term financial burden," explained Nick White, uSwitch director of financial services.
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