In research carried out by Britannia Rescue, the first week of a new year often sees the highest level of vehicle malfunctions. Meanwhile, it was put forward that January 2nd is the single worst day of the year as drivers are 63 per cent more likely to suffer from a mechanical breakdown as they get set to go back to work after the festive season. And although such an incident would be problematic for many motorists, those who do not have sufficient insurance may see that pressure on their spending rises as they have to meet the costs of repair themselves. This could lead them to develop problems in meeting other demands on their finances such as loans, credit cards and utility bills.

Andrew Beard, spokesperson for Britannia Rescue, said: "Motorists returning to work on January 2nd could face a difficult journey. As well as the possibility of poor weather conditions and heavy traffic, there is the added risk of cars failing to start or breaking down as many more cars than usual will have been idle over the Christmas period."

Mr Beard also reported that in an attempt to reduce motoring misery, drivers should ensure that their vehicle is regularly serviced and that they have sufficient insurance. For those looking to both fund repairs and cover the car, a low-rate personal loan could provide effective help with money.

He added: "To prevent new year breakdowns drivers should not only ensure their car undergoes its usual checks and services but they should also take it for a short spin at least once over the festive period. If the worst does happen, having car breakdown cover will alleviate some of the stress."

The firm advised those who find that their car has broken down to attempt to move their vehicle into a safe and well-lit place, where it will be out of the way of other traffic. In addition, motorists should look to give as much information to their breakdown recovery provider as possible, such as the make of the vehicle, location and what the fault is. Drivers were also recommended to switch on their hazard lights and lift up the bonnet to indicate to other motorists that they have broken down.

Those looking to meet the cost of major repairs to their vehicle, or who simply want to free up money to purchase comprehensive breakdown cover, may find that a cheap personal loan is for them. This may be especially helpful after a recent Deloitte study indicated that in August 2007, the typical third party car insurance policy cost 519 pounds - a rise of ten per cent from the 473 pounds noted 12 months before. Meanwhile, average comprehensive cover costs 458 pounds. Catherine Barton, insurance partner for the firm, added that those who fail to shop around for cover are "likely to have seen bigger increases" on their premiums than those who look for the best deal possible. In addition, many consumers looking to buy a car may find that a personal loan is a more effective way to fund their purchase than if they were to opt for a forecourt finance deal.