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Car loans customers offered buying advice

Rising fuel prices and increased congestion charges have driven up the cost of motoring, but a new article claims there are savings to be made for used car finance customers.

Rising fuel prices and increased congestion charges have driven up the cost of motoring, but a new article claims there are savings to be made for used car finance customers.

According to an article for the Sunday Times, recent figures from the AA have indicated that the average cost of running a mid-sized vehicle is expected to reach 58 pence per mile in 2008 - an increase of 25 pence per mile on 20 years ago.

However, the newspaper notes that savvy car loans customers can limit the impact of this extra cost by careful refuelling, cut-price insurance cover and using independent dealers for maintenance and repairs.

It is also advised that smaller, more economical cars will be cheaper all-round and are more likely to hold their value in the long-term.

Car finance customers prepared to haggle with their dealer are advised that asking which models are not selling well may be a good place to start as it notes "some vehicles stay on the forecourt for weeks, for no apparent reason, and all the time the dealer is losing money".

Earlier this month, Porsche announced it would challenge Ken Livingstone's plans to increase the London congestion charge on some vehicles to £25 per day.


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