polled in a survey carried out by car supermarket Motorpoint said
they plan to purchase their next car using motor finance.
The results support figures published by the Finance and Leasing
Association, which claimed 49 per cent of all new private car sales
are now funded by lending from motor dealers – an increase of two
percentage points on 2007.
Motorpoint, which projects sales of 47,000 units for this year,
has also announced a 6 per cent rise in sales via its personal
contract purchase plan for the first half of 2008, attributing the
rise to demand for its Black Horse-backed Boomerang finance
scheme.
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“With many people finding it increasingly difficult to source
credit from other lenders,” said David Shelton, managing director
of Motorpoint, “point of sale products such as Boomerang are
proving extremely popular, enabling customers to drive a car that
their budget wouldn’t ordinarily allow.”
Motor Finance Issue: 45 – July 08
Published for the web: July 25 08 16:5
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