More people enjoying greater dealer finance deals
A new study has shown that dealer finance has reached record levels for those purchasing new and used vehicles such as used Ford cars. The report was carried out by the Finance & leasing Association (FLA) and has shown that, during February of this year, over 64% of people used finance arranged by their dealer to make their purchase.
Figures also showed an increase in those using finance to purchase used vehicles, an increase of 9% compared to year on year figure with the most popular finance option taken being a Personal Contract Purchase (PCP). Those taking a PCP counted for 60 percent of all transactions in the used car market for the month. The option has become more and more appealing to vehicle buyers by offering a low initial deposit followed by monthly payments with a final deposit at the end of the agreed term.
If you are looking for a new vehicle and haven't yet decided upon just which way you will choose to pay for it, visit your nearest Ford car dealer such as Foray Motor Group. With their great many finance packages and large choice of vehicles you will be sure to find a car and solution to suit your needs.