This September’s new car plate change is anticipated to see a surge in consumers shopping around for new and used cars, as buyers bid to beat the January VAT rate rise up to 20% or snap up good quality trade-ins that hit dealer forecourts.
The number of people planning to buy a car in the six months to February next year is at a three-year high, according to latest figures from the Sainsbury's Finance Car Buying Index.
In the first six months of 2010, more people used dealer finance than personal loans or savings to make a new car purchase. New figures show that 264,377 people used forecourt finance to buy a new car, which was 49.4% of all new cars sold to consumers. The number of new cars bought on finance was up 26% in the first half of 2010.
With ‘60’ registrations hitting the forecourts this week (1 September 2010), new research from BMW Financial Services has found that over a third of motorists (38%) would not research the vehicle’s future potential value before investing in a purchase, despite almost three quarters (74%) of drivers saying the future value would play an important factor in their choice of motor.
Skoda has extended its range of great offers until 31 December 2010. The deals include Skoda’s impressive “No VAT” on Fabia, Roomster and Octavia; as well as attractive finance offers through Skoda Finance.
The SAF Approved ‘Dealer Directory’ is the latest in a range of online tools provided by the Financing & Leasing Association (FLA) to help car buyers decide which finance deal is right for them.
Greenhous Group is the latest high-profile dealer group to achieve SAF Approved status under the Finance & Leasing Association’s Specialist Automotive Finance (SAF) initiative. Greenhous’ inclusion into the SAF Approved ranks means that half of the top ten UK dealer groups have now become SAF Approved.
Forecourt finance remains popular, with more than 36,000 people in May financing a new car in this way, according to the Finance & Leasing Association.
Car dealers are taking customers for a ride by not being clear about how much interest they’ll pay on a motor, says Which? Car.
The latest motor finance market statistics published by the Finance & Leasing Association show growth in the used car market in February, as well as in the new car market.
Analysis from the Finance & Leasing Association (FLA) showed that consumer used car finance sales still remain slow, with 19% fewer cars sold on dealer finance in January than the same period last year.
The latest figures from the Sainsbury's Finance Car Buying Index, which tracks the number of people planning to buy a car on a six-monthly basis, reveal a sharp increase in the number of people planning to buy a car in the six months to August this year.
January has seen the strongest ever start to a year for sub-prime car dealer ACF Car Finance Limited, who revealed that it has smashed two of its most significant records so early in the 2010 trading period.
Thousands of car buyers across the country can now be more confident when taking up motor finance, after one of the UK's largest motor dealer groups became recognised by a finance industry competence programme.
Honda has re-launched its popular 0% APR finance offer on Jazz to help customers make the most of the last month of the Scrappage Scheme.
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