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Car loans customers 'should secure finance first'

Consumers looking for approved car finance should arrange their car credit before looking at vehicles, according to the Thrifty Scot.

Consumers looking for approved car finance should arrange their car credit before looking at vehicles, according to the Thrifty Scot.

The website claims that with the launch of the new 57 plate the number of people looking for car loans has increased, but warns that many people can be forced into making decisions when they find the car they want.

"Anyone that is planning to purchase a car should [look] into the different options open to them for financing the vehicle well in advance," the site claims.

It goes on to suggest that motorists with bad credit can often obtain car finance through car dealers or by considering a secured loan.

A survey last month conducted by the AA revealed that 22 per cent more drivers will look at car loans this year as a means of financing a new vehicle.

Lloyd East, head of personal loans at the AA, said: "Our research shows strong consumer demand for new registration cars."


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