Car finance experts Car Loan 4U comments on RAC ‘Transport Poverty’ Report

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The UK’s number one online car finance specialist Car loan 4U comments on rising fuel costs in the UK.

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Rising fuel costs in the UK affect everyone from younger drivers looking to buy their first car right the way through to large companies who make use of company vehicles.

According to official statistics published by the Royal Automobile Club Foundation, 10% of households that run a car(s) in the UK are challenged by what is known as ‘transport poverty.’

The “unreleased data” by the Office of National Statistics was examined by the RAC Foundation who concluded that financially challenged households were spending around 27 percent of their disposable income on running and maintaining their vehicles.

The director of the RAC Foundation Professor Glaister recommended to the government to focus on bringing down the price of fuel for normal motorists.

"These figures should shock the chancellor," he said.

Elaborating further on the rising costs of motoring, in particularly fuel, Professor Glaister said, "We already knew transport was the single biggest area of the household expenditure bar none. But this spending breakdown just for car-owning households is not normally available."

Car Loan 4U Co-Director Ryan Dignan comments:

“Rising fuel costs in the UK affect everyone from younger drivers looking to buy their first car right the way through to large companies who make use of company vehicles.

“But the price of fuel is something that nobody can control other than the government, so all we can do as a responsible car finance company is find a car loan that offers the best rate for the individual based on their circumstances.”

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

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For your car finance needs, visit: http://www.carloan4u.co.uk.
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David Sargant
Carloan4U.co.uk
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