Your engine oil could save you money, car owners told
08 Feb 2012
Tue, 30 Mar 2010
With the end of the car scrappage scheme, the car industry could be forgiven for being nervous about the prospects. However, a survey by Sainsbury’s Finance indicates that the number of consumers considering making a car purchase in the next six months has increased.
Furthermore, the number of people looking to purchase a new model has also risen. Vehicle finance is thought to be more available, whether in the form of a personal loan or dealer finance, than at the heart of the recession.
Sainsbury’s Finance revealed that as many as 7.65 million people may either buy a new or a used car in the period running from March-August this year. This reflects well against figures from September to February this year and last, when just 5.14 million people planned to purchase a vehicle .
What the implications are for the motor finance industry remains to be seen, but the news is likely to cheer car dealers .
