Car finance experts Car Loan 4U comments on Government to freeze maximum MOT price

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The UK’s number one online car finance specialist Car Loan 4U comments on the Government's plan to freeze the maximum MOT price.

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The price of an MOT test will be frozen at £54.85 until the year 2015, which it is claimed will help to save motorists £50 million a year.

The Government’s recent announcement that stated they are looking to freeze the maximum cost of the MOT test has been received well by the leading online car finance specialist Car Loan 4U.

If the money-saving plans go through, the price of a yearly MOT test will be frozen at £54.85 until 2015, whereby it’s claimed the price freeze will save motorists a combined £50 million a year.

As well as the MOT test, the Government are also looking into ways to make the cost of fuel in the UK cheaper too, with one method being a trial of different roadside signs along main routes which will display the different fuel prices on offer.

The price of an MOT test will be frozen at £54.85 until the year 2015, which it is claimed will help to save motorists £50 million a year.

Car Loan 4U Director Ryan Dignan, comments:

“For those customers who buy a new car with car finance, the MOT test is obviously not required for the first three years, so that’s a huge amount of people who won’t be able to take advantage of the MOT price freeze.

“Every year the cost of owning a new or used car increases and to see that the Government are taking action to help drivers with the cost of motoring is a significant step. All we need now is to see fuel prices drop and we would see many motorists benefit significantly.”

Motorists looking to get their hands on a new or used car might want to consider their car finance solutions and as leading car finance providers, Car Loan 4U can help provide expert advice.

Car Loan 4U offers a wide range of car finance deals regardless of the customer’s history or circumstances to give a fast decision on loan applications for new and used cars, which can be underwritten, approved and paid in just 30 minutes. Simply apply online for a fast decision.

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David Sargant
Carloan4U.co.uk
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