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New car loans figures from Halifax

August 30, 2007 by admin  
Filed under News, News-Loans

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New research from Halifax has shown that January and August are the most popular months for applying for a car loan.

According to Halifax Unsecured Personal Loans, the most popular age group for taking out such a loan – forming around half of total applicants – was the 30-49 group.

The figures also show that 67 per cent of loan applications were made by men

Neil Chandler, head of Halifax Unsecured Personal Loans, said: “Purchasing a new car takes a lot of time and thought as it is a big financial commitment.

“It is important to choose a finance deal which suits you best, leaving you free to sit back and enjoy your new car.”

More generally, the new report says that there are currently around 31 million vehicles on Britain’s roads, with 2.3 million purchased last year.

The research was undertaken by Halifax Unsecured Personal Loans in anticipation of the new 57 licence plates, which are to hit British forecourts next month.

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