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Young not taking car finance options to go green

Many young drivers are failing to consider the environmental impact of the cars they buy, despite flexible car loans being available to help them drive away with a clear conscience.

Many young drivers are failing to consider the environmental impact of the cars they buy, despite flexible car loans being available to help them drive away with a clear conscience.

A new study from Lloyds TSB found 79 per cent of young car buyers concerned with vehicle condition, 60 per cent taking into account the car's manufacturer, and just 30 per cent concerned with the car's levels of emissions.

More positively, people under 18 appears to have got the environmental message, with some even managing to convince their parents to change their car, while 67 per cent of drivers over 50 said a car's carbon footprint was their main concern.

"Behind a home, a car is the second biggest investment we make and opting for a car with strong green credentials is a wise long term purchase as environmental factors will become a greater priority for buyers," said Ian Dean from Lloyds TSB.

"We are seeing increasing numbers of customers enquiring about green vehicles and in the future we can expect to see more incentives for owners of environmentally friendly vehicles such as road charging exemptions, free parking in major cities and good second-hand values when the time comes to sell," he added.

Buying an environmentally friendly car is becoming increasingly affordable as more manufacturers cut their emissions and introduce hybrid technologies; buying with car finance or car credit will also help cut your repayments.


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