Figures released from car finance specialist CarLoan4U.co.uk are indicative of stability in the car finance marketplace, with the average car loan decreasing by less than 3%, on a year-on-year comparison basis.
The data shows that in:
- Jan – July 2010, the average car loan size was £6994.30
- Jan – July 2009, the average loan size was £7201.87
“And this” says Ryan Dignan, Director from CarLoan4U, “may indicate that there is some stability in the car finance market place with car buyers looking to borrow only slightly less for the first six months of this year, compared to the same period last year.”
He concludes “It also shows that the second hand car market seems to have remained consistent for the same reason.”
About CarLoan4U
As one of the UK’s leading car finance brokers, we find customers the most suitable car loan to suit their budget. As an independent company, we’re not tied to any one lender and can offer our customers a wide choice of car finance packages at the most competitive rates. We offer customers the flexibility of choosing the vehicle they want from the dealer of their choice – we don’t tie them down to a particular car dealer.
We also offer motor insurance, GAP insurance and mechanical breakdown cover.
About Jason Hulott
