car news headlines
Those using Car Loans to purchase vehicles in 2008 could be among the many opting for a more environmentally-friendly vehicle as such cars overtake so-called gas-guzzlers in sales.
According to figures from the Society of Motor Manufacturers and Traders (SMMT), sales of cars in the band G bracket for road tax - £300 annually - fell 15 per cent last year to their lowest ever level.
Meanwhile, sales of cars in bands A and B - where tax is not applicable or £35 a year - rose by 17 per cent, with SMMT expecting them to perhaps surpass band A car sales this year.
It is low-emission cars - some of which could have been bought through Car Finance - that are reportedly giving the boost to band A and B sales, the Times suggests, rather than alternative fuel cars.
According to the Directgov website, band B cars that use alternative fuels are subject to just £15 a year road tax, £20 less than band B cars that are fuelled by petrol or diesel.
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