摘要: |
Armed with the right motor finance solutions, dealers are well placed to help buyers into their next used car despite the storm of high vehicle prices, rising interest rates and squeezed budgets. Dealer finance is currently performing well despite high inflation rates as car buyers respond to the cost-of-living crisis by spreading costs with monthly repayments, according to lenders. However, concerns around consumer affordability are rising and lenders are putting extra onus on dealers to apply robust processes. According to the monthly Startline Used Car Tracker research, dealers reported 77% of consumers are now buying over a longer period, 30% are reducing lease mileage and 27% are opting for different finance products than they would usually use, with personal contract purchase (PCP) being the biggest winner. There is some push-and-pull over deposits with 25% saying they are increasing and 30% reducing. |