Carfinance247.co.uk reveals over 40% of people will borrow to fund their next car purchase
New research highlights that while we may be in the throes of a recession, people are still spending money, with 60% saying they plan to buy a new or used car within the next six months.The study* from car finance and dealer specialist carfinance247.co.uk found that: · 57% plan to use cash or savings to fund a new or used car; · 27% will use car finance; · 10% plan to use a bank or other lending organisation; and, · 6% say they will borrow from friends and family; · the same amount of males and females say they will use car finance (27%