Female drivers consider the financial implications of a new purchase more than males, according to research.
Statistics released by Experian show that women will work out every aspect of buying while men are driven by emotion.
Male car credit customers may find this to be a problem, as it could be that they bite off more than they can chew when it comes to high car insurance policy costs.
Experian's automotive division managing director Kirk Fletcher stated that "it is important for women to protect themselves" when buying.
"Buying a car can be an emotional process, especially if the car buyer has gone through a lot just to find the right one," said the official.
Recent research from moneysupermarket.com found that male drivers new to the road often pay £1,200 more for car insurance than women.
Related Articles
Used car owners 'may benefit from government plans'People who have recently taken out a car loan for a second-hand vehicle may benefit from the measures set out in the chancellor's pre-Budget report, it has ...
Published: 25-Nov-2008
Young drivers 'engaging in risky behaviour'Recently-qualified motorists who have taken a car loan out to pay for a new vehicle could be putting their pride and joy at risk by taking unnecessary risks, the ...
Published: 14-Oct-2008
Motorists 'should focus on how they drive'People considering taking out a car loan for a more economical vehicle should bear in mind how they drive as well as the model they choose, the Act on CO2 campaign ...
Car Loan 4U is
authorised and regulated by the Financial Services Authority,
and licensed by the office of fair trading under the consumer
credit act 1974. Licensed Credit Broker. All finance is subject
to status and income. Written Quotation on request. Registered
office: Car Loan 4U Ltd, Beechfield House, Winterton
Way, Macclesfield, Cheshire, SK11 0LP. Registered in the UK.
| Affiliate Scheme | Testimonial | Car Finance | Car Loans | Career | Sitemap |
