Almost a million Britons are set to take out a second-hand
car loan in the
next six months, but could be paying too much.
New figures from Sainsbury's Bank show 5.5 million UK residents are
planning to buy a second-hand car in the coming months, with one in
six (931,600 people) taking out a car loan to fund their purchase.
However, while almost a million people are planning on taking out a car loan, they are planning to pay less for their new motor.
In the six months to the end of August Britons are planning to spend
an average of £4,056 on buying a new car - considerably less than
the £5,018 they were planning to spend on second-hand cars in the previous six months.
"Our findings show that people are anticipating spending less on their
second-hand car purchase compared with six months ago, so it's important
that they remember to haggle when negotiating any car purchase to secure
the best deal," said Steven Baillie, Sainsbury's loans manager.
Source:
http://www.myfinances.co.uk/news/loans/personal-loan/
almost-million-second-hand-car-loans-$473453.htm
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