New car sales on finance increases by almost a third, car finance experts Car Loan 4U explains

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The UK’s leading car finance website Car Loan 4U comments on the news that new car sales on finance grew by 29% between April 2012 and April 2011*

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Car Loan 4U

Finding a great car with a great finance deal doesn’t need to be a long and complex process. Applying for a car loan online, for example, is quick and easy to do. You could know within a matter of hours if your application is accepted

According to figures by the Finance & Leasing Association (FLA), new car sales on finance increased by 41% in value over the same period and by 29% in volume. Car finance experts, Car Loan 4U could help motorists drive away a new vehicle with affordable car credit.

The FLA found that the number of used cars financed over the year to April also increased by 17% in volume.

Figures show that a growing number of motorists are turning to forecourt car finance loans, despite there being cheaper deals elsewhere.** Savvy drivers are also going online to search for car finance deals.

Going online for car finance is a growing trend which could soon overtake forecourt finance. Research shows that on average, car buyers will search 18.2 different sources of information online before choosing a vehicle.*** After doing so much research, British motorists might be more clued up when it comes to deciding what vehicle and finance to buy.

Drivers looking to buy a new vehicle might wish to take out car credit, however, there are a number of different ways of doing so and some loans could be more expensive than others.

The number of new car buyers taking out car finance from a dealer has increased by a staggering 56% in the last year. Loans at dealerships, however, could be significantly more expensive than some online alternatives.

By shopping around online for a better deal, drivers could potentially pay less over the duration of the loan.

Car Loan 4U Co-Director Ryan Dignan comments;

“ The car finance industry is booming as more and more motorists take advantage of the wide range of innovate finance options. Whilst dealer finance can be a good choice, it’s important that motorists shop around and compare deals. It can be all too easy to sign up for finance from a car dealer then and there without considering the benefits of finding a better rate.

“Finding a great car with a great finance deal doesn’t need to be a long and complex process. Applying for a car loan online, for example, is quick and easy to do. You could know within a matter of hours if your application is accepted.”

Car finance experts Car Loan 4U offers new car deals with rates starting from just 7.9% APR. With Car Loan 4U, motorists can still enjoy the benefits of cheap car finance and find they vehicle from either any UK dealership.

For your car finance needs visit: http://www.carloan4u.co.uk
Twitter: @carloan4u
Facebook: http://www.facebook.com/carloan4u

Notes to editors

*Source : Finance Leasing Association Good value finance supports two-thirds of showroom motor sales 11/06/12
http://www.fla.org.uk/media/110412_motor_april

** Source: This is Money Two-thirds of car buyers turn to forecourt finance loans despite cheaper deals available elsewhere 23/05/12

http://www.thisismoney.co.uk/money/cars/article-2148604/Drivers-snared-pricey-forecourt-finance-loans.html#ixzz21iPe8Im1

***Source : The Telegraph, Google finally kills of Arthur Dent 18/06/12

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Ryan Dignan
Carloan4U.co.uk
01625 619 944 Ext: Ext. 7800
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