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Used car buyers looking to cut costs
Mar 12 2009More than 40 per cent of used cars buyers are looking to save money on motoring, a study has shown.
According to findings from Exchange and Mart, 43 per cent of people who buy used cars would like to invest in a model that could generate fuel savings and lower tax costs.
Almost 20 per cent of people questioned said they are looking for a car that is cheaper to run, while 15 per cent are planning to invest in a car that is cheaper to buy.
"The cost of fuel and new vehicle excise duty has made a big impact on buying habits with a whopping 43 per cent saying their next car will have to have better fuel economy and a lower tax band," commented Debra Healy, digital director of Exchange and Mart.
Last year, the firm found that more people than ever were looking to buy a used car privately rather than from a dealership, which could present problems for the industry as dealers are already facing tough trading conditions.
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Car Dealers Caught Between Volume Reductions and Rising Values
Created Feb 9 2012
Car Pricing guide CAP Black Book warns that dealers will come under increasing pressure from increasing trade values of used cars on one side and volume reductions on the other in the coming months.
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More low Emission Zones for UK
Created Feb 7 2012
If you are adamant that your next car finance deal will be for a “green” car, here is good news: the United Kingdom could soon become one huge Low Emission Zone, according to at least one transport guru.
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Running Costs of Electric Trucks Lower Than That of Diesel
Created Feb 4 2012
The Centre for Transportation and Logistics has just completed a new study during which it was found that electric commercial vehicles could be 9% to 12% cheaper to run than their diesel counterparts.
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London far From Becoming Electric car Capital of Europe
Created Feb 3 2012
The reluctance of British motorists to sign up for car loan deals on electric cars means only one thing: London is very far away indeed from its target to become the electric car capital of Europe.
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Those Awful Female Parkers
Created Feb 3 2012
When you signed up for your first car loan deal, your father might well have warned you against the terrible female parkers that you will come into contact with during the course of your driving career – and told you how to deal with them.
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Huge Increase in Speeding Fines on the Way
Created Feb 2 2012
If it wasn't for cheap car loans, many cash-strapped motorists would find it nearly impossible to keep their vehicles on the road.
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Toyota Hits Landmark 400,000 With Hybrid Car Sales
Created Feb 2 2012
In a recent landmark for low carbon vehicles, Toyota managed to surpass the 400,000 level with sales of its hybrid cars in Europe.
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Those Awful Female Parkers
Created Feb 2 2012
When you signed up for your first car loan deal, your father might well have warned you against the terrible female parkers that you will come into contact with during the course of your driving career – and told you how to deal with them.
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Huge Increase in Speeding Fines on the Way
Created Feb 1 2012
If it wasn't for cheap car loans, many cash-strapped motorists would find it nearly impossible to keep their vehicles on the road.
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Older Cars are Cheaper to Repair
Created Jan 31 2012
When you sign up for a car finance deal on a new car, you can be sure it is going to be more reliable than the one you traded in.
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