New vehicles cut fuel costs for secured car loans customers

Nov 7 2008

Secured Car Loans customers in the process of purchasing a new vehicle could see dramatic savings on their fuel costs.

Research by Europcar shows that driving a relatively new vehicle can offer significant fuel savings over older models.

Indeed, combined with simple driving techniques, car loans customers could save up to £800 a year in fuel costs by driving a more recent vehicle, it suggested.

Tim Bailey, fleet director at Europcar, said: "Our experiment shows not only that driving the newer cars will save you money, but also that the driving style adopted plays a huge part in the fuel economy you can achieve in the real world."

In a comparison between old and newer vehicles, the average fuel usage for cars of less than a year old was recorded at just under nine pence per mile, with older models averaging around 14 pence per mile.

A survey carried out by the AA earlier this summer revealed that over half of UK Car Finance customers revealed that they would consider buying a more economical vehicle to combat rising fuel costs.

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