Huge Bean Bag Chair

Fixing our finances is normally high on our list of New Year resolutions. Normally this means changing our credit cards, consolidating our loans or looking for cheap car insurance quotes.

However, perhaps what we should really be doing is looking for a new car.

Indian manufacturer Tata has launched 'the world's cheapest car', the Nano, with a price that translates to 1,300. It's not available here yet, but it does raise the question of how little we really want to pay for a new car? And indeed, will we even get the opportunity?

The car industry is notoriously driven by profit. You can be almost certain that if the Nano does arrive on UK soil it won't be at its current, translated price as the dealers look to boost their profits.

However, it's not just the car industry - it's us too.

We rarely take the attitude that 'cheaper is better'. The Volkswagen Polo and the Volkswagen Fox are similar in style and shape yet there is a significant difference in price. However, when given the cheaper option few of us bite.

The last thing manufacturers want is for the lucrative Western European market to suddenly become frugal with its cash. However, maybe we only have ourselves to blame for inflated prices and the time has come to send a message to the motoring industry.

In 2000 we were willing to protest in our thousands over fuel prices - yet we'll happily spend over the odds on other aspects of our motoring. The time has come to take action and drive prices down.

We can drive prices down by buying cheaper cars. We can apply it to all aspects of motoring too - especially car insurance Shopping around for cheap car insurance could allow you to save hundreds on your premiums every year.