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Motorists, including those using Car Finance, are looking to buy smaller and more economical cars, in a bid to cut the costs of owning a car.
A study by online marketplace Justgoodcars.com has revealed that motorists are looking for cars with smaller engines such as the FORD Fiesta, TOYOTA Yaris, PEUGEOT 107 and VOLKSWAGEN Polo, leading to potential savings on car finance agreements.
Andrew Sobell, sales and marketing director of Justgoodcars.com, believes that the figures show that car buyers now want to buy smaller and cheaper cars to cut the costs of running the vehicle.
He said: "Running a car for many is a necessity, not a luxury, especially for families. Consumers are clearly looking to downsize as times are changing."
He added that it will be "interesting" to see how UK car buyers' habits change in the increasingly fickle climate.
Justgoodcars.com claims it has six million cars currently for sale with over 600,000 of those based in the UK.
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