Car loan customers can cut costs by keeping it small
30/05/2008
As the cost of fuel rises, car loan customers will consider buying smaller, more efficient vehicles, a new survey has found.
Research by car supermarket Motorpoint, found that 64 per cent of those polled regarded fuel economy as the most important consideration when looking for a new car.
David Shelton, managing director at Motorpoint, said: "With petrol prices increasing almost by the day, it is little wonder that fuel economy has become the number one concern for car buyers."
Motorpoint's latest sales figures for the first quarter of 2008 support their research findings.
The company has reported a significant increase in sales of small cars such as the Fiat Grande Punto, Renault Clio and Vauxhall Corsa.
Consumers who are considering buying a car could also offset the recent increases in petrol prices by grabbing a bargain second-hand car.
Used-car sales in the UK are about three times that of new-car sales, according to Research and Markets' automotive services market report 2008.
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