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Car Finance Facts September 2016

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Welcome to the Car Finance Facts post for September 2016. Here we provide an insight into the latest happenings in the car buying industry, both across the UK and here at Creditplus.

New ’66 registration plates drive new car purchases

With September a ‘settling’ month (schools open and back in full swing and most breaks in the sun accounted for until next year), there is also the new registration plate to look forward to.
This September saw more than 2.1 million new cars registered under the ’66 plate; a 2.6% increase from September 2015’s new plate. The rise in new car sales in this period is a positive sign within the UK car market, despite the concerns of what the Brexit result could still mean for industries up and down the country. These statistics though are perhaps a sign that the ‘Leave’ result has had no clear detrimental effect on consumer’s desire to own a new car.

Although new ’66 plate cars have a bigger draw this month, the used car market has some of the most attractive rates to offer. A number of high end manufacturers have great prices on many of their models, so it’s an ideal time to look for a newer car at a reduced rate.

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Data sourced from SMMT September 2016 market report.

If you’re thinking about 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.

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