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Motorists 'struggle when buying online'

Mon, 18 Aug 2008
People in the UK find it difficult when purchasing vehicles online, according to new research. has found that 59 per cent of those looking to act on car buying advice struggle with the process and are ultimately left unsatisfied.

It would be more beneficial for the industry to adopt an automated system whereby dealerships are informed of when they need new stock to help them meet consumer demand.

Guy Walker, chief executive remarked that this is the "perfect solution" for those in the market for a new model.

"The credit crunch and environmental issues mean that car buyers are well researched and know exactly what they want to buy," he said.

And this follows on from recent research conducted by the Finance and Leasing Association that has found that 50 per cent of people buying new cars are doing so with dealer-provided car finance.

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Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

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