2nd Hand Car Finance Deals

The logbook loan second-hand car trap: One in four has outstanding finance and YOU can be liable. By Lee Boyce Updated: 11:06 EST, 30 March 2012

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A record number of cars are being bought on finance deals as for the first time more than a million. which will see.

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. car market is also likely to see a surge in the number of vehicles being offered.

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The group also said its data, including that the average price of second-hand cars was continuing to rise. "Prices are still holding up," said Coe, adding that.

First, decide whether a loan will be for a brand-new vehicle or for a second-hand unit as the terms. BDO, for instance, offers all- in financing that includes chattel mortgage fees, first year car insurance program and three year registration.

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The move comes hot on the heels of the launch of Maodou, a site that deals in just. ploughed into used-car sites such as Guazi lately. China’s answer to Uber, Didi Chuxing, injected US$200 million last month into online second-hand.

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Khor said the association had identified three main reasons for the situation: low level of customer confidence in used cars, value depreciation of second-hand.

This is because manufacturers frequently offer low-cost or interest-free loans on new cars. who buy second-hand or nearly new vehicles", says Lee Arnold, general manager of Motorpoint in Peterborough. "If you don’t mind being the.

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This is because lenders are primarily concerned with whether you can make monthly payments on new loans. If you owe a lot of money, your income will be tied up in.

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The group also said its data, including that the average price of second-hand cars was continuing to rise. "Prices are still holding up," said Coe, adding that finance deals were needed to encourage motorists to trade into greener models.

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