AA Personal Loans: Brits opting for second-hand motors
www.moneynews.co.uk > Personal loans > AA Personal Loans: Brits opting for second-hand motors
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AA Personal Loans: Brits opting for second-hand motors
Wed 6th Sep 2006
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New AA research has found that demand for car purchase over the summer has remained unchanged since spring 2006, with one in five adults in the UK planning to change their car over the next 12 months.
However, there has been a notable shift in the balance between new and old car purchases, with the demand for new cars down from 30 per cent to 28 per cent.
Lloyd East at AA Personal Loans commented: "For many people, their car is second only to their home as the most expensive purchase they will make.
"Our tracking study of people's car buying plans offers a useful snapshot on future demand in the market and this in itself contributes to a broader understanding of consumer confidence."
He added that, as the summer spending begins to pinch, with the everyday costs of running a home and car getting higher and many people heading off on costly holidays, taking out a loan for a car purchase is even more important to get right.
"In addition to being savvy in finding a car, people also need to think about how they finance their car," he said.
"It's a false economy to get a car for a good price only to then buy it with expensive car finance."
Related News : Personal loans |
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Related News : AA |
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