Figures Indicate Stability in the Car Finance Marketplace

The financial specialists from UK believes that the car marketplace is on an ascendant course, with the average car loan decreasing by less than 3%, on a year-on-year comparison basis.

The data shows that in:
- Jan – July 2010, the average car loan size was GBP6994.30
- Jan – July 2009, the average loan size was GBP7201.87

“And this,” says Ryan Dignan, Director from CarLoan4U, “may indicate that there is some stability in the car finance market place with car buyers looking to borrow only slightly less for the first six months of this year, compared to the same period last year.”

He concludes “It also shows that the second hand car market seems to have remained consistent for the same reason.”

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Posted by M.P.Bogdan on Aug 19 2010. Filed under Business, Featured News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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