Car finance popularity during end of 2009

Fri, 26 Feb 2010



According to car finance news, car finance sales increased during the final quarters of 2009. The motor industry, one of the hardest hit industries during the economic downturn, will be grateful for the slice of good news.

The figures, released by the Finance and Leasing Association, indicate strong performance between December 2008 and 2009. Car dealers providing vehicle finance were said to welcome the news. Many consumers bought cars in December to avoid the VAT increase and the end of the car scrappage scheme .

The statistics are encouraging, but there remains a drop in the number of new cars bought by consumer using motor finance . Car dealers are often the first port of call when looking for vehicle finance, but specialist providers are also a popular option, particularly with personal loan availability remaining low.
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