According to new figures from Sainsbury’s Finance, there has been a huge increase in the number of people who are considering buying a new car, and interestingly, a quarter of them are planning on using loans and Car Finance to acquire a deal.

If you compare the numbers from the previous six month period, the amount of customers planning on buying a new car has risen by 47 per cent. Of which, 24 per cent will use a Car Loan to finance some of the initial cost.

It has been reported that almost half a million people are intending to finance their next car with a personal loan. It will be a good idea then, to think wisely regarding any decision and go with companies you can trust.