Brown considers ways of ensuring car loans
6 March 2009
The Government "will do what it can to help" the car industry, Prime Minister Gordon Brown has said.
As the RAC reports, the Prime Minister intends to take action to ensure the car loans market does not `freeze`. The Government, he said, has been in talks with firms about the assistance the industry may need so it can survive the recession.
Mr Brown replied: "There are two issues facing the car industry at the moment: one is a shortage of demand for cars, the second is the availability of credit for people buying their cars.
"The car credit problem – that is loans for car purchase – it`s basically a market that is outside the traditional banking industry."
The Government is making efforts to find ways to "get help into the car loan industry" he added.
---
Think Cars take the effort out of finding the best car finance deal. For a free, no-obligation quote and a decision within the hour, contact one of our expert loans advisers today.
Fill in our form for your free loan quote
Tags: car, car loans, car loan, loan, loans, car finance, government, government car loan help