29th Sep '08 - Drive Away With A Deal
Posted on Monday, September 29th, 2008 at 3:49pm
Despite the credit crunch there are a lot of good deals on cars at the moment, says a spokesman for the Retail Motor Industry Federation, and secured loans could be an option for people looking to buy a car.
Furthermore, footfall is remaining constant for firms in the car industry, he claims.
"They [car buyers] might be paying a bit more upfront but they're going to get a good deal."
People also appear to be keeping their cars for longer, although dealers are currently offering good prices on new and used cars, the spokesman adds, which may interest those looking at secured loans for finance.
Diesel registrations accounted for 43.2 per cent of the 2008 new car market, says the Society of Motor Manufacturers and Traders Limited(SMMT).
And this August was the quietest month for the new car market, with 63,225 registrations - the slowest since 1966 - the SMMT adds.
Secured loans use a home as surety and could be one way for a homeowner to buy a new or used car during the current economic climate.
Furthermore, footfall is remaining constant for firms in the car industry, he claims.
"They [car buyers] might be paying a bit more upfront but they're going to get a good deal."
People also appear to be keeping their cars for longer, although dealers are currently offering good prices on new and used cars, the spokesman adds, which may interest those looking at secured loans for finance.
Diesel registrations accounted for 43.2 per cent of the 2008 new car market, says the Society of Motor Manufacturers and Traders Limited(SMMT).
And this August was the quietest month for the new car market, with 63,225 registrations - the slowest since 1966 - the SMMT adds.
Secured loans use a home as surety and could be one way for a homeowner to buy a new or used car during the current economic climate.
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