According to a recent report, new car shoppers could do a lot more to ensure that they get the best deals on insurance, financing and new car warranties.

Only 64% of motorists said that they would ever attempt to negotiate the price of a new car.  Also, when planning on trading in their current vehicle, over 2 million drivers said they wouldn’t even take the time to research the current value of their vehicle.  In addition, more than 30% of motorists admitted that they probably wouldn’t even take one hour to research how to pay for their new car.

Unfortunately, 91% of car shoppers couldn’t explain what the term ‘lease purchase’ meant.  This is a term used in many auto-financing deals.  In addition, 50% of shoppers said that they would make a new car purchase without any insurance quotes.

America is known for being a nation of bargain hunters, yet motorists seem to be falling short when it comes to buying a new car.  It’s essential for car shoppers to do their homework when looking to purchase a new vehicle.  Insurance, financing, and an auto warranty are a crucial part of the car purchasing experience.  So, it is important to shop around in order to get the best deal, otherwise you will find yourself paying for it.