More than half of new car buyers have taken Car Finance as their payment option. Car finance is up 15 percent in May 2010 compared to the same time last year.
The FLA’s initial fears that figures will slump after the scrappage scheme ending have been found to be untrue.

Paul Harrison, head of motor finance at the FLA, praised dealers for their continued support here; ‘Dealers are offering value-for-money deals, which have kept customers coming through the doors.’
 
He continued to state; ‘We expect to see sales of new cars on finance drop off later in the year while used car finance sales will pick up as second-hand stock becomes more available.’