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'Generous deals' available for car loans shoppers

Despite the great offers currently available, drivers may not be aware that there has "never been a better time to buy a new car", it has been suggested.

Despite the great offers currently available, drivers may not be aware that there has "never been a better time to buy a new car", it has been suggested.

In an article for the News Journal, Eric Ruth advises that most new and used car dealers will confirm there are a number of reasons for motorists to consider car finance - but despite this some people still remain cautious.

"Financing deals are generous, quality is at its peak and warranty programs are spread from bumper to bumper," he writes.

It is reported that recent economic instability has caused consumers to be careful with their finances - although many have suggested this is the reason for the current competitive state of the new and used car market.

A recent survey conducted by consumer watchdog Which? revealed 70 per cent of UK drivers expressed concern over obtaining car finance online. However, it was noted that these people could be missing out on an average saving of 11 per cent on their loan.


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