According to a recent poll by Motorpoint,
car finance customers are ignoring the
credit crunch, with record levels planning to use
finance to buy their next
car .
Motorpoint are the leading UK
car supermarket group. Their research indicates that 53 per
cent of drivers will use
vehicle finance for their next car . The finding concurs with
data released by the
Finance and Leasing Association indicating that dealers fund
almost half of new private
car sales .
The Managing Director of Motorpoint, David Shelton, reportedly
commented: With many people finding it increasingly difficult
to
source credit from other
lenders, we are finding that our highly-affordable point of
sale products such as Boomerang are proving extremely popular,
enabling customers to drive a car that their
budget wouldn’t ordinarily allow.