Following the closure of competitor company
Welcome
Car Finance, Concept
Car Credit are in a stronger position in the
used car
and car finance markets. Demand for
vehicle finance has been high over recent months, the company
announced.
Des Porter, the managing director of Concept
Car
Credit, was reported in
motor finance news as commenting:
Finance acceptance rates have fallen to as low as 10%, denying
the vast majority of our customers the ability to upgrade their
old car . Although there have been many casualties in the used
car and car finance arenas, we believe that we can come out the
other side as an even stronger, more efficient
business.
Porter also gave some interesting guidance to current trends and
tastes in the
car market . He reportedly continued: Smaller, low
emission,
fuel efficient
cars are very popular at the moment and we sell a large number
of
Ford Focus and Fiesta,
Vauxhall Corsa and Astra,
Fiat Punto and
Renault Megane, particularly the smaller
engine, diesel models. Seven-seaters are also in-demand at our
used car showroom, with Vauxhall Zafira, Ford Galaxy and Renault
Grand Scenic the most sought-after.
