London (ecar-loans) 17-08-06: Safe drivers could save £10,000 in a lifetime simply by obeying the rules of the road. Imagine just a small step towards your own safety could actually secure your future
August 18, 2006 (Press Release) --
Safe drivers could save £10,000 in a lifetime simply by obeying the rules of the road, while those who defer buying a new car for two years could boost their pension by almost £240,000.
Ian Parker, managing director of Privilege, said: “Safe drivers are saving thousands of pounds by staying accident-free, as well as making the roads a safer place for us all.”
Those who replace their car every five years instead of three could also save money and retire earlier by placing the car loan savings in their pension, says Fidelity International.
Interestingly, the fund manager found, that the motorists, who invest a monthly car loan payment of around £352 for an extra two years, can boost their pension savings by £238,674 over a 30-year period. Even those who wait just an extra year to replace their car could add £142,268 to their retirement savings.
Simon Fraser, president for UK and Europe, said: "Just by deferring a car purchase by a year or two, people can make a substantial improvement to their retirement prospects and, potentially, stop full-time work far earlier than those who embrace the 'spend now, save later' ethic.
It is not wrong to spend your earnings, but a balance is required to ensure a secure future. With car loans gaining popularity and ever decreasing loan rates, you should keep the future in mind to ensure a smooth running.
For additional information on how safe driving and wise loan deals will help, contact webmaster or visit http: www.ecar-loans.co.uk
Ian Parker, managing director of Privilege, said: “Safe drivers are saving thousands of pounds by staying accident-free, as well as making the roads a safer place for us all.”
Those who replace their car every five years instead of three could also save money and retire earlier by placing the car loan savings in their pension, says Fidelity International.
Interestingly, the fund manager found, that the motorists, who invest a monthly car loan payment of around £352 for an extra two years, can boost their pension savings by £238,674 over a 30-year period. Even those who wait just an extra year to replace their car could add £142,268 to their retirement savings.
Simon Fraser, president for UK and Europe, said: "Just by deferring a car purchase by a year or two, people can make a substantial improvement to their retirement prospects and, potentially, stop full-time work far earlier than those who embrace the 'spend now, save later' ethic.
It is not wrong to spend your earnings, but a balance is required to ensure a secure future. With car loans gaining popularity and ever decreasing loan rates, you should keep the future in mind to ensure a smooth running.
For additional information on how safe driving and wise loan deals will help, contact webmaster or visit http: www.ecar-loans.co.uk
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