Are the wheels about to fall of car finance?

Are the wheels about to fall of car finance?

Author
Discussion

Dr Jekyll

18,067 posts

208 months

Saturday
quotequote all
What proportion of car acquisitions are of new cars (including pre registered) as opposed to used? HP and loans or savings are still the norm for used cars.

4941cc

25,792 posts

153 months

Saturday
quotequote all
Dr Jekyll said:
HP and loans or savings are still the norm for used cars.
Sub £10k used cars maybe. Main dealer used stock at up to 3-5 years old is still PCP eligible, so tends to go out on that. Likewise for independent traders, PCP often available now for vehicles up to 10 years old if the mileage will be under 80k at end of term. Very little HP sold on used at all. Loans/savings more common for generally older, cheaper stuff.