Items tagged with: car finance
Government considers ways of helping car loan market
16 January 2009
The Government is looking into ways of ensuring the availability of loans for car buyers, as the economic downturn threatens to seriously harm the industry.... read more »
Govt set to announce loans for car industry
This Wednesday, Business Secretary Peter Mandelson may announce new Government loans to help the car industry – although this is by no means definite.... read more »
Car loans hard to find
29 January 2009
In the last six months, around 300,000 people have been refused a car loan.... read more »
Lack of demand – not lack of car loans – is the problem
Car sales fell 25% last month, but not everyone agrees on the reasons for the slump.... read more »
60% plan to buy a car
Three in five motorists intend to buy a new or used car in 2009, a survey has revealed.... read more »
Brown considers ways of ensuring car loans
The Government "will do what it can to help" the car industry, Prime Minister Gordon Brown has said.... read more »
Car loans package `too complicated`
The Government`s car loans package may be `too complicated` to succeed, according to the Society of Motor Manufacturers and Traders (SMMT).... read more »
Bank of England responds to Mandelson car loan comments
The Bank of England yesterday rejected the suggestion by business secretary Peter Mandelson that negotiations with the Bank regarding aid for the UK`s struggling car industry have been moving too slowly.... read more »
Lack of loans contributes to car industry downturn
26 March 2009
The Society of Motor Manufacturers and Traders (SMMT) has reported a severe drop in the number of new cars being produced in the UK, as low consumer demand and the reduced availability of loans continue to stifle the industry.... read more »
Car scrappage scheme could help industry
The AA has urged the Government to make a decision on a potential `car scrappage scheme`, in which drivers could part-exchange their old cars in return for cash to put towards a new car purchase, as car sales figures continue to fall.... read more »
Car scrappage scheme confirmed
The Government has announced a scheme in which motorists can trade in their old cars in return for a £2,000 discount on a new vehicle.... read more »
Consumers `choosing second-hand over brand-new cars`
Consumers bought 3% more used cars with dealer finance in March 2009 than in the same month last year, according to a new report from the Finance & Leasing Association.... read more »
Car loans could become cheaper as LIBOR falls
Interest rates on car loans could be set to fall after The Times reported that the LIBOR (London Inter-Bank Offered Rate) fell to a record low.... read more »
35,000 new car sales from car scrappage scheme
More than 35,000 new cars have been ordered through the Government`s `car scrappage scheme` in the month since it was started, according to The Telegraph.... read more »
Fall in car production `smallest this year`
The latest vehicle production figures from the Society of Motor Manufacturers and Traders (SMMT) have shown a 43% fall in car production over the year to May.... read more »
Falling LIBOR could help car loan rates
The three-month sterling LIBOR rate (London Inter-Bank Offered Rate) fell to 1.200% this week, raising hopes that car loans and other forms of credit could become cheaper.... read more »
New car registrations rise for first time in 15 months
In July, new car registrations rose by an annual 2.4%, the first rise in 15 months, according to the latest report from the Society of Motor Manufacturers and Traders (SMMT).... read more »
Shortage of dealer car finance could hold back market
The Finance and Leasing Association (FLA) has warned that a shortage of car finance available to consumers could hold back a recovery in the car market, according to The Telegraph.... read more »
Car loans: scrappage scheme extension confirmed
Business minister Peter Mandelson has announced an extension to the Government`s car scrappage scheme, in a move that should help drivers and car manufacturers alike.... read more »
Car finance deals could help offset rising insurance costs
Car insurance premiums have risen at the fastest quarterly rate on record, according to the AA - highlighting the need for people to minimise the other costs of running a vehicle, such as the cost of car finance.... read more »