According to an
Auto Trader survey,
car dealers in the UK are finding it even more difficult to
sell
car finance that they did a year ago.
To gain the results, AT surveyed 94 independent and franchised
retailers. They found that some 60 per cent reported increased
difficulty selling
vehicle finance .
The change in
dealer finance popularity likely comes about due to a much
greater choice of low-cost
car
finance packages such as
personal loans . Hire purchase agreements remain popular, and
many buyers simply purchase with
cash .
The head of
marketing at Auto Trader, Jonathon Williams, reportedly
commented: Consumers are offered a wide choice of
low-cost finance packages from the
banks,
credit card companies and leasing
houses and as a result, they have become more discerning and
savvy shoppers. The signs are that consumers will continue to
shop online for the best deals.
