Skip to content

Fourth consecutive month rise for car finance figures

The Financing and Leasing Association has announced that figures for used car finance have risen for the fourth consecutive month. New cars sold through finance are down, but it seems that buyers have confidence in the used car finance market.

The Financing and Leasing Association has announced that figures for used car finance have risen for the fourth consecutive month. New cars sold through finance are down, but it seems that buyers have confidence in the used car finance market.

October saw a 7 per cent rise compared to October 2009 – while new cars bought through finance suffered an 11 per cent drop.

Paul Harrison, head of motor finance at the FLA said: “The continued revival of the used car market reflects a return to ‘traditional’ buying habits as buyers look to manage their budgets by seeking out affordable cars and finance.”

Posted by on

Back to December 2010

Back to top