As the introduction of new vehicle registration numbers draws near, esure has warned drivers that opting for an uncompetitive forecourt deal could see them paying over the odds for their '58 plates'.
The
car insurance provider noted that more than two-thirds of people (68 per cent) do not carry out any research into finance packages prior to making a purchase on a new or used vehicle.
Looking at alternative ways of financing the purchase such as credit cards and loans was identified as one effective research method that could deliver savings.
The group added that women may find themselves more likely to get the worst deal, with 72 per cent of females not doing any research prior to purchasing a car.
Mike Pickard, head of risk and underwriting at esure car insurance, said: "With the cost of motoring on the up, it's more important than ever for drivers looking to change their car to make sure they get the best deal."
Earlier this month, esure also warned that many Britons will pay dearly at the pump, with some prepared to fork out more than £2 per litre to avoid using public transport.
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