Increasing car finance popularity

Mon, 21 Dec 2009



According to recent car finance news reports, the number of car buyers choosing vehicle finance to buy their new vehicles has continued to increase. The Finance and Leasing Association showed that the takeup of motor finance deals were up 18 per cent during October compared to the same period during 2008.

This trend is likely to continue throughout the rest of the year, as the car scrappage scheme continues to prove an incentive for many buyers of new vehicles . Many motor traders offer a variety of car finance schemes.

The head of motor finance at the FLA, Paul Harrison, was reported as commenting: "The end of the scrappage scheme may also mean a return to more traditional buying behaviour in the new and used car markets."
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