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Car loans customers 'could grab a pre-Christmas bargain'

A slow period in used car sales could be good news for new car finance customers, according to Auto Express.

A slow period in used car sales could be good news for new car finance customers, according to Auto Express.

The magazine reported this weekend that a downturn in sales for the autumn period, thought to have been caused by concerns over interest rate rises and petrol prices, could mean that people prepared to haggle could grab themselves a bargain.

Citing a survey conducted by the Society of Motor Manufacturers and Traders, it is reported that September saw the slowest sales for used cars in six years.

The report found that during the month around 627,104 second-hand cars were purchased - down from 657,827 in 2006 and 654,228 in 2005.

However, it is added that if drivers looking for a used car, including those with approved car finance, move swiftly they could beat an expected rise in second-hand car prices in January.

Earlier this month, the magazine claimed that many used car finance customers in the UK were heading north to take advantage of lower prices.


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