Lower car finance figures

Fri, 15 Feb 2008



According to a recent report by motoring association the AA, consumers considering purchasing a new or used car are intending to use a smaller budget, whether paying by cash or car finance, than they were just six months ago.

According to the AA, that average budget has fallen from £9,827 to £8,851, meaning those looking for cars will be spending slightly less, whether using personal loans, dealer finance or paying cash to purchase a vehicle .

A flurry on car finance is expected in March, when the new registration plates are due to come out. The head of AA Personal Loans, Mark Huggins, reportedly commented: "A third of buyers finance their car purchase with a loan, so it's important they shop around for the best loan rate, too."
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