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September proves to be a good month for car finance

Car finance numbers were up during the month of September compared to last year’s results. New cars sold via car finance was up 5% and used car finance sales grew by 6% - all of this despite a fall of around 19% of new car sales during September.

Car finance numbers were up during the month of September compared to last year’s results. New cars sold via car finance was up 5% and used car finance sales grew by 6% - all of this despite a fall of around 19% of new car sales during September.

Paul Harrison of the Finance and Leasing Association (FLA) said: "The rise in the use of motor finance is great news for dealers, coming as it does in such an uncertain and volatile economic climate,"

"Over the year we have seen ups and downs in the number of people using dealer finance for both new and used cars, so it is encouraging to see a strong performance in the important month of September.”

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