Avoid car dealerships for a good deal on your car loan

Do not be hasty when buying a new car. Consumers in the United Kingdom are said to pay through the nose for overpriced car financing plans offered through dealerships.

The average auto finance leads an APR of approximately 11%, but sourced to a personal loan with the intention of buying a car could cost around 50% less. New figures suggest that motorists in the United Kingdom will be overspending by almost 230 million pounds on car financing plans pushed their showroom.

If you buy a new car on credit that it would be wise to look around before visiting a showroom. There are at least 3 personal loan providers in the United Kingdom which offers auto loan plans carrying an APR of 6% or less.

There are also less likely to feel pressurised into signing finance agreements, if you already have the finance in place.

Dealers will not only damage your wallet, but can also damage the car as well, which leads to borrow more for repairs that may be needed.

Recent research conducted by Auto Express magazine revealed that the Lexus franchisees are, after all, the best by a comfortable margin. The dealer network Skoda justifiably proud is second place, followed by Subaru, Toyota, Porsche, Honda, Jaguar, Kia, Hyundai and Suzuki, who are all "dealers".

That occupy the middle ground of the 30-strong League table are Mazda, BMW, Mitsubishi, Mercedes, Volvo, Audi, Chrysler/Jeep/Dodge, Saab, Land Rover and twentieth place, MINI dealers. Next is 10th from the bottom, then Alfa Romeo Nissan, Volkswagen, Seat and Citroën. Bring up the rear are fifth from bottom of Ford, Vauxhall, Peugeot, Fiat and Renault 30 final loser and last place.

The main complaints against Fiat dealerships are that are dirty, lacking in atmosphere, useless and attitude problems. But at least we are improving. Franchisee Renault haven't moved forward in a year. It's bad enough that this French marque and its 330 dealerships are classified as the lowest of the low to look after your customers. But equally alarming is the fact that they are also judged to be the absolute pits in terms of communication and processing and only marginally better in technical knowledge, helpfulness and value for money.

The category value is interesting. When you buy a car, we tend not to think about future costs of repair and maintenance. And that is short-sighted, because the cost of parts and labor may be exceeded to fuel, road tax and insurance.

Read the report and it becomes clear that the workshop Skoda offer the greatest value, followed by those of Lexus, Kia, Suzuki, Toyota, Hyundai, Subaru, Honda, Mazda and Ford, which should be quite proud.

The bottom 10 marques/dealerships are the clan Dodge/Chrysler/Jeep, Saab, VW, BMW, Land Rover, Volvo, Peugeot, Renault, Audi and Mercedes. The authors suggest politely that Audi might like to rethink its labour rates and bluntly tells Mercedes that the wooden spoon for value should serve as a "big warning".

The star report is Lexus, beating rival comprehensively each marque in every sector, except for value.

Christian is the author of several articles related to loans guaranteed. He is known for his expertise in this area and on other business and finance related articles.