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Car finance sales at BIMS could increase

Thu, 24 Jul 2008
There could be a rise in the number of car finance deals being taken out by motorists at this year's British International Motor Show (BIMS), it has been claimed.

According to the Finance & Leasing Association (FLA), there have been more vehicles sold so far this year on car finance than at this point in 2007.

The organisation added that 49.3 per cent of sales of all new private cars before June involved finance deals made at the point of sale.

It could be that those who exercise car finance options find that they have more money to spend monthly on car insurance and road tax deals.

"Motor dealerships can help by offering competitive finance packages to fit all pockets. They can often serve customers finding it difficult to raise money elsewhere," commented Stephen Sklaroff, director general of the FLA.

The BIMS this year runs from July 23rd to August 3rd at ExCeL London.

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