Car finance experts Car Loan 4U comments on new London congestion zone changes

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The UK’s number one online car finance specialist Car Loan 4U comments on reduction of congestion charge CO2 emissions threshold.

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“I think that as new electric cars such as the new Nissan Leaf continue to improve, and the Government starts to install more charging points in more readily accessible places, we will see more and more electric vehicles being bought with car finance."

Motorists in London are set to pay the price as Transport for London (TfL) recently announced that it is set to reduce the CO2 exemption threshold of the congestion charge, leaving all traditionally fuelled cars excluded from any free allowance.

In the rule change, set to come in to play from 1st July 2013, all low-emission petrol and diesel cars will not be entitled to avoid the congestion charge.

The official reduction takes the current CO2 threshold from 100g/km to 75g/km respectively which means that no normal petrol or diesel car will qualify for free travel in the UK’s capital city.

The changes pave the way for hybrid and electric vehicles to dominate the streets of London as they will be the only vehicles to be officially classified as exempt.

Car Loan 4U Director Ryan Dignan, comments:

“It will cause some unrest at first, but it is for the greater good. The Government is not banning petrol and diesel cars from London, they are simply trying to improve the conditions and environment in the city.

“I think that as new electric cars such as the new Nissan Leaf continue to improve, and the Government starts to install more charging points in more readily accessible places, we will see more and more electric vehicles being bought with car finance.”

For those new car buyers that are looking for the most affordable option when commuting or living in the London congestion zones, plug-in hybrid cars are still currently the best long-term money saving option available. New technology found in hybrid cars allow them to push out an exceptionally low CO2 level which should make them a popular option with commuters and residents alike.

Motorists looking to get their hands on a new or used hybrid 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 for electric and hybrid cars 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.

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