Car finance not a problem

Car dealers are still offering car finance loans despite fears that the credit conditions had restricted lending . According to a recent survey by the Financial Mail, deals from zero to seven per cent APR were being offered for a variety of vehicles including Ford, Renault, Vauxhall and Porsche .

Pressure has been levied on the government to create a bail-out scheme for finance arms of all the major motor companies . The industry is thought to be on the edge of a precipice, with major collapses amongst car companies feared. Already, thousands of jobs have been lost or are threatened.

Confusion exists about whether credit is really restricted, or new car sales slumps are due to reluctance to purchase new vehicles during an economic downturn.

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Car finance not a problem

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