A recent study from the Halifax has found that more and more women are taking out loans to pay for their brand new cars.
For woman, car insurance is usually really affordable and shopping around for a cheap car insurance quote is part of the fun that goes with buying a new car.
The study, carried out by Halifax, has shown that one in seven female drivers are getting into debt by taking out a loan to pay for a brand new car, which could increase the cost of their motor insurance.
Ian Larkin, head of Halifax unsecured personal loans, said, "Buying a car is probably the second biggest purchase you will ever make, after buying a house, so it is important to consider how you intend to finance this."
The best way for female drivers to save on the pennies after buying a new car is to shop around for the best car insurance quote and speak to insurance companies offering the cheapest premiums on ladies car insurance.