McLEAN, Va. -- More consumers are researching vehicle loans to ensure they get competitive interest rates, a new survey concludes.
Capital One Financial Corp. surveyed 1,000 recent and prospective vehicle buyers. Among consumers who plan to buy a vehicle in the next year, the survey found, 57 percent said they will comparison-shop for loans from several financing sources. That is up from 37 percent of consumers surveyed in 2004.
Of this year's survey respondents, 84 percent said they will determine how much to spend before entering a showroom, compared with 65 percent of buyers surveyed last year.