Car sales on finance up a third on a year ago
18 May 2012
Fri, 30 May 2008
According to recent reports in the car news, diesel vehicles may not be such an economical idea as they once were.
The credit crunch, which has affected both the used-car market and the car finance market, is only partly to blame for the rising cost of diesel. Diesel cars have become better-designed, causing many buyers to consider them above cars with petrol engines, largely for economy reasons.
Refined diesel engines have better efficiency than many petrol cars, but higher fuel prices mean that diesels are less of a good purchase than they once were. Research by the AA indicates that a new diesel car buyer would have to drive 43,000 miles to beat the cost of owning a petrol car .
Other car finance news indicates that the amount used-car buyers will spend on vehicles in the next six months will be lower than that spent in the previous half a year. Tighter household budgets and stretched finances mean buyers have less disposable income to spend on cars.
