UK Car Market Facts You Should Know About

Before you visit a dealership to purchase a new car, it is essential to have a clear idea of how much money you can spend without breaking your bank; whether leasing or buying is a suitable choice; do research on the available car financing options. It is better to be up-to-date with the latest trends and facts of the car financing industry in order to be able to make well-grounded decisions for your vehicle purchase.

If you are looking for UK car finance for bad debt, here are some useful facts and trends about UK car financing that may prove helpful for you.

UK Car Market Facts

According to the April 2017 market report published by the Society of Motor Manufacturers and Traders (SMMT), demand for new cars in the UK has seen a large decline in the month of April due to the changes in Vehicle Excise Duty (VED) rates. Here are some interesting facts that were included in the April 2017 market report:

  • The Nissan Juke was the most popular car in terms of sales in April. It is preferred by many customers because of its practicality and great looks. The next in line was the Vauxhall Insignia, followed by the Nissan Qashqai.
  • In April, more than 152,000 cars were registered, which is a 19.8 percent decline when compared to last year, which was 189,500. This includes decline in diesel, petrol, and all other alternatively fuelled vehicles in terms of registration in April.
  • The total number vehicles registered in the UK in the year 2017 hit the 900,000 mark in April. This is 1.1 percent more compared to the same period in 2015.
  • The Ford Fiesta has once again secured the top spot of being the most popular car in the UK, with 43,160 cars sold in 2017.

How These Statistics Can Help in Choosing a Car Financing Option

Having information about what is trending in the UK car market can allow you to know what’s selling like hot cakes. Since dealerships sometimes offer deals and discounted rates for car financing for certain models that are high selling, you can take advantage of this opportunity and secure a brand- new car with minimal interest rates.

If you are planning to buy a new car and need information about different car financing options, you can find out all you need to know at DriveAwayAutos. We cater for people in search of UK car finance for bankrupts, as well as providing car finance for those with a bad credit history.

 Our Customer Care Promise

We are regularly praised by our customers for the customer care that we provide.  It is second-to-none.  Our customers love the fact that we keep the paperwork simple and brief and, after discovering their preferences we email them a choice of cars that exactly fit their budget and tastes. You will receive images and a write-up on the cars’ specification so that you can make an informed choice.  You will also know that if you have any questions they will be answered fully, politely and promptly by our Customer Care Manager.  You’ll drive your car away knowing that everything is in place for years of carefree driving!

 The Added Benefits

DriveawayAutos’ car finance is offered with many other added benefits. For example, when you obtain car finance from us at DriveawayAutos to buy one of our cars, you can count on receiving a fully-serviced vehicle with 12 months’ MOT. These benefits add value to your overall car purchase transaction that is often not available with some other car loans.

You will also have complete peace of mind because the car you purchase from us will carry the highest level of guarantee from Autoguard, one of the most respected companies offering car warranties today.



Get in touch with us to discover your car financing options today.

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