Motorists who don't check out financing and car insurance costs before driving off the forecourt in a new set of wheels could find themselves considerably out of pocket in the coming weeks.

According to researchers at esure car insurance, one in 25 motorists polled are planning to pick up a new 10-plate car from 1 March. But almost a third of those questioned admitted they wouldn't consider haggling on their next purchase.

Nearly half said they don't do any research into the different types of finance or credit deals available before looking to buy a new car, while eight per cent revealed they wouldn't get a motor insurance quote before choosing a new set of wheels.

Mike Pickard from esure points out that neglecting to get a car insurance quote or simply find out a vehicle's motor insurance group "could potentially add significantly" to a new model's running costs.

"Shopping around is key, so whether it's the insurance cover, finance package or the price tag of a new set of wheels, motorists should spend a little extra time doing their homework beforehand to make sure they get a good deal," he affirms.

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