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Motorists who do not trust a garage to repair their old banger and are looking to buy a new car may find a loan can be a cost-effective way to pay for it.

Drivers may be especially reluctant to fork out for repairs after hearing a new survey has revealed 48 per cent of British motorists believe they have been scammed by a car mechanic.

The survey by insurance.co.uk has found 34 per cent of motorists who have been unhappy with the service they have received at a garage believe they have been fiddled for £100 and 51 per cent think they have been ripped off by £500.

A further 12 per cent say they have overpaid by £1,000 and three per cent claim they have shelled out £3,000 too much.

Commenting on the findings, Steve Grainger, head of insurance.co.uk, said: "Our research highlights that there are a number of rogue tradesmen trying to exploit drivers."

Drivers who would rather buy a new car than risk being ripped off may find they can find a competitive deal on a loan if they are prepared to shop around.