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Personal loans 'save consumers £509 when buying a new car'
With the release of the new '60 plate cars many people will be looking to buy a new car this autumn.
According to findings by confused.com, shoppers could save up to £509 by sorting out personal loans before heading to the garage.
Chris Griffiths, head of loans at Confused.com, said: "Customers should be certain to consider all finance options available before committing to dealer finance when it comes to purchasing a new car, as a personal loan may prove the cheaper option."
He added that consumers looking for new cars should plan their purchase and give themselves time to review and research all the possible financing options.
Figures from the Finance and Leasing Association show that more than 250,000 new car buyers used dealer finance to fund their purchase in the first six months of 2010.
In some cases dealer finance options do not lead to outright ownership of the car and for people looking to fully buy the car it could pay to sort out a loan before visiting the garage.