According to a new
survey by
Experian, consumers in the UK are opting for
car finance in order to purchase larger
vehicles .
Despite green murmurings at the Detroit
car show this year, new vehicles bought with car
loans or using other methods are often larger vehicles.
Sales of larger
cars such as
MPVs and SUVs, as well as standard luxury vehicles such as
those sold by
Mercedes or
BMW, increased by 2.1 per cent, with
finance increasingly the purchase method.
Rob Whalley, the managing director of the automotive department of
Experian reportedly said: For cost conscious car buyers, it
is an opportunity to buy a bigger car at a reduced price. It
appears that they are focusing more on the lower initial financial
outlay rather than the long-term costs, let alone the affects on
the planet.
Consumers opting for larger vehicles are urged to remember that
long-term running costs and efficiency of the engine should be
considered, Experian said.
When choosing a
new car , although initial costs are important, long-term
running costs and fuel efficiency should be considered, according
to Experian.
