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Car finance improving so far this year

It’s been a slow and depressing couple of years for the car industry as a whole, and with the constant threat of a double-dip recession and the price of living continually going up, is there any hope for car finance?

It’s been a slow and depressing couple of years for the car industry as a whole, and with the constant threat of a double-dip recession and the price of living continually going up, is there any hope for car finance?

Well, apparently there is. According to new reports, the car finance market has been enjoying a good start to 2011. Both Santander and Black Horse motor finance will lend over a billion pounds this year, but it doesn’t just stop with the big companies. The smaller lenders are encouraged, too, which is good news for the industry as a whole.

Is this the first step in regaining the good times that we had before the recession? We will have to wait and see.

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