Welcome to the Car Finance Facts post for August 2016. In this blog, we’ll provide you with an insight into what’s going on in the car buying industry, both across the UK and here at Creditplus.

End of the Summer Season in the UK Car Market

August is usually one of the year’s quieter months in the car market industry. With summer in (late) full swing and the schools still closed for the summer break, consumers are still focused on entertaining the kids and getting a last minute break away in the sun. Coupled with this is the impending release of the new registration plate release in September, where consumers are potentially looking to pick up a great car deal on an older model or considering a brand new car.

While the car market waits for September to get going, the UK car industry has still performed well. The initial Brexit shock seems to be settling, as financial confidence increases and, year on year, comparison sees car sales continuing to improve.

It’s important to bear in mind that it’s not just new cars that have the best rates available; the used car market also has very attractive rates. There are a great number of cars currently available on the market, and it’s a great time to get a superb newer model at a cheaper price.


Data sourced from SMMT August 2016 market report.

If you’re considering purchasing a new car, find out more about used car finance with Creditplus. We can provide finance for a new, nearly new or used car from any reputable UK dealership. You can also find thousands of fantastic cars in our huge car search database. Then, it’s simply a matter of completing our two minute application form and you’ll soon have one of our dedicated Customer Advisors working to find you the best finance deal.

Calculate your car finance package with our Car Finance Calculator.

Find your next car in our huge Car Search.

Apply online and begin your car finance journey.