More value for your car finance as dealers get desperate

Nov 3 2008

Secured Car Loans customers could bag themselves a bargain in the coming months as dealers seek to boost sales by offering cut-price deals.

One family saloon is even being offered in a supermarket-style buy one get one free promotion, with £20,000 securing two brand new Dodge Avenger SXT 2.4i models equipped with leather seats, climate control and sat nav as standard.

AA spokesman Vanessa Guyll branded the offer "almost unbelievable" and added that it was a "brilliant time to buy" for drivers who could secure sufficient Car Finance.
"Dealers have a lot of stock they cannot shift and clearly they are now prepared to do so at a loss," she said.
New car sales fell by 21 per cent in September, according to the report, down for the fifth successive month - with more buyers turning to used cars as their next purchase.

Indeed, the used car market saw a period of stabilisation despite the effects of the credit crunch, with data from British Car Auctions revealing that used car values rose slightly in September for the first time in four months.

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