Welcome to the Car Finance Facts post for July 2016. In this blog, we’ll provide you with an insight into what’s going on in the car buying industry, both across the UK and here at Creditplus.

The Summer Season Hits the UK Car market

Summer has always been a bit of a lull period in the car market. Consumer thoughts are on holidays and keeping the kids entertained whilst the schools are closed. There is also the added factor of the new number plate being released in September, meaning buyers are either waiting to take advantage of deals closer to the new plate, or they want to get a car with the new registration number.

Despite the slow season, the UK car industry continues to perform well. Year on year, car sales are improving. Increased financial confidence and attractive interest rates mean there has never been a better time to buy a car.

It’s not just new cars that the best rates are available on. The used car market also has very attractive rates. Combine this with the huge amount of cars available on the market and it’s never been easier to get a fantastic newer model at a cheaper price.

Data sourced from SMMT July 2016 market report.

If you are considering the purchase of a new car, find out more about used car finance with Creditplus. We can provide finance for a new, nearly new, or used car from any reputable UK dealership. You can also find thousands of fantastic cars in our huge car search database. Then, it’s simply a matter of completing our two minute application form and you’ll soon have one of our dedicated Customer Advisors working to find you the best finance deal.

Calculate your car finance package with our car finance calculator.

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