Search News Drivers urged to search for cheap car finance deals Drivers looking for a cheap new car deal have been warned off dealership offers. According to research from Bradford & Bingley, dealerships charge up to 14 per cent APR and can ask for a 40 per cent deposit. The building society's advice comes as the September 1st launch of the new 55-plate registraion draws near. Mike Senior, head of personal lending at Bradford & Bingley, commented: "September traditionally sees a seasonal rush of new car purchases with drivers eager to be the first onto the road with the latest number plates. UK Cheap New Finance Car Deal... Request A New Car Quote Now "Although it may seem the speediest option to take out finance offered by the dealership, you could be leaving the forecourt seriously out of pocket. With the best personal loan rates below six per cent, it really does pay to hit the brakes and take your time researching your finance options carefully, ensuring that you get the cheapest deal available." Mr Senior went on to suggest that motorists should spend as much time deciding on their cheap new car finance deal as they do on picking which model to go for. According to Mr Senior, "failure to shop around or getting a broker to do the shopping for you could leave a big dent in your finances". By shopping around for cheap online car finance deals as well as cheap new car sales on the web motorists can save thousands of pounds on dealership prices and finance deals.