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Dealer motor finance still growingBack

Figures released for dealer motor finance in November 2011 show that choosing to finance your car through your dealer remains a popular choice.

November’s figures illustrated that despite all the alternative finance methods which are open to car buyers, dealer motor finance remained the UK consumer’s first choice when purchasing new cars.

The figures, released by the Finance and Leasing Association (FLA) show that 61 per cent of consumers buying a new car in the year 2011 up until November used motor finance provided through local dealers, which was almost 10 per cent higher than 2010 figures.

In fact, the demand for dealer finance led to a growth of 6 per cent in the number of new cars bought in November alone, as opposed to in November 2010, with a 4 per cent rise also recorded in used car sales over the same period.

At Trusted Dealers, we’re delighted to offer all of our customers finance assistance when it comes to purchasing their next new or used car. The finance and service plans we recommend are offered as part of our 10 Points of Difference promise which we guarantee to all our potential buyers, to ensure that you receive the best possible service from us.

The team at Trusted Dealers recognise that most people simply don’t have the money to buy a car for cash and that potential buyers are often looking for a loan from somewhere. That’s why we offer customers a variety of different finance options to include hire purchase, personal contract purchase, personal or business contract hire, and a number of other schemes.

All of our schemes are designed to provide buyers with the best value car they can get for a desirable monthly payment, providing financial reassurance and peace of mind to all of our customers. We are also able to offer further protection against redundancy and also insurance programmes to make sure that if your car was unfortunate enough to be involved in an accident you would be able to drive away in one at least as good.

Paul Harrison, head of motor finance at the Finance & Leasing Association, said: “Our figures highlight just how important finance sold in dealerships has become in helping people to buy new and used cars.

“Showrooms are the first choice for buyers because of the range and flexibility of the products on offer.

“Looking forward to 2012, consumer confidence will be more important than ever to the performance of the car finance industry. But the secured nature of car finance means that lenders can continue to offer some of the best deals for people looking to buy or lease a car.”

Posted by Leana Kell on 07/02/2012