CAR DEMAND IS GROWING - WHAT SHOULD YOU DO?


by Alison White - Date: 2007-03-30 - Word Count: 501 Share This!

The demand for cars is on a continuous rise and each new year that we greet comes in with higher expectations from car sellers. The new technology in car design which is friendlier to the environment and the ever faster rates at which vehicles are being produced has an impact on the demand also and makes it grow.

Studies carried out recently show an increase in car demand that this year in comparison to the previous one in Great Britain. But numbers speak more outstanding, and if you are an interested car buyer, you should hear some advices which could help you achieve precisely what you desire with the lowest cost possible.

An agency entitled to conduct surveys on the healthy car market is AA Personal Loans. It predicts a disposition of the common buyer to spend as much as ₤10,136 this year on purchasing a car, an impressive figure, since the average sum in the closed 2006 was of ₤9,342. This is why it talks about an increase in the quantity of auto vehicles that will be taken out via motor loans.

Further talking in numbers, it appears that a quarter of British citizens think of buying a car for themselves until the closure of the year, as opposed to one out of five in the year 2006.

The eagerness to get new cars is a feature that is evolving well on the general scene of the British economy at the present. The worrying tax policy and the inflation have had a negative impact on many realms of the economy in relation to car buying also, like the growth of fuel price which puts petrol distributors in difficult times and road prising. All these have not affected the growing thirst for new cars, as surveys demonstrate.

The problem in this sector of the economy is another one, and it makes the purchasers, rather than the sellers suffer. It's about checking if the value of the car really covers its price to its entire extent. It is known that usually when a car enters the road it proves how worthy it is, and in most cases it values a third less than it did when featured in the showroom.

Mr Lloyd East, director of AA, who also stated that the car demanding has not dropped despite the tax problem and others the like, advises buyers to engage on personal motor loans, to sign such an agreement instead of a showroom finance deal. In other words, the interested should agree on arrangements through signings of motor loans instead of spotting a car in the showroom and agreeing on the price put forth by the seller, through which they may loose ₤228 million.

Virgin Money let you break-up your car insurance payments into bite-size monthly morsels at no extra cost. Get a car insurance quote online and Virgin Money will knock a tidy 10% off the cost. What's more if you've already got Virgin's home insurance, pet insurance or annual travel insurance you'll save another 10%.

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