Carfinance24.co.uk: does a 25% increase in car finance applications mean younger drivers are financially aware by shunning showroom deals?
The latest data from internet car finance broker www.carfinance247.co.uk highlights a 25% increase in the number of used car sales and car finance applications from motorists in the 21-30 year age band.*This is compared with an almost 50% decrease in the number of car finance applications for those in the 51-60 and the 60+ age groups respectively.* Director of carfinance247.co.uk Louis Rix says: “The data highlights how younger motorists are now turning to car finance. This could indicate that they are more financially savvy than their contemporaries were a year ago, preferring to use a