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Car loans customers 'should question their needs'

Drivers who may recently have secured used car finance have been advised on how to obtain the right vehicle in a new article.

Drivers who may recently have secured used car finance have been advised on how to obtain the right vehicle in a new article.

According to the Los Angeles Times, there are a number of questions drivers should ask to make sure the used car they buy is the right vehicle at the right price and adds that in the current financial climate "there may be no better time to buy a used vehicle".

It is reported that levels of used car reliability are "better than ever" and that as a result of recent economic uncertainty the second-hand market is the first place that car loans customers are heading.

However, it is noted that consumers need to ask themselves exactly how much they are willing to spend, if they will require a car loan, what kind of car is best suited to their needs and where they plan to buy.

George Parker, a spokesman for the National Automobile Dealers Association, states that used car dealerships are a great option and that the reputation of dodgy dealers "has changed" adding that in today's market "transparency is now the key".

This week the Guardian published its own set of rules to buying a new car and advised drivers could save around 40 per cent by considering a 12-month-old vehicle instead.


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