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People taking out car loans 'may save money by opting for new vehicles'

Car loan customers looking to save money in the long run may be better off with a relatively new vehicle, according to recent research.

Car loan customers looking to save money in the long run may be better off with a relatively new vehicle, according to recent research.

A study by Europcar has shown a more up-to-date model - combined with simple driving techniques - can cut fuel costs by as much as £800 a year, compared with an older motor.

During the company's research 11 different sized cars were driven round the 125 miles of the M25.

The group found the eight newer vehicles tested achieved a 14 per cent improvement on the fuel economy figures published by the Vehicle Certification Agency, compared with a three per cent improvement for the older models.

Commenting on the results, Europcar's fleet director Tim Bailey said: "Our experiment shows not only that driving the newer cars will save you money, but also that the driving style adopted plays a huge part in ... fuel economy."

Earlier this month, the company advised motorists that sticking to the speed limit could help them feel calmer behind the wheel.


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