Good deals on car credit to increase motor show sales

The Finance & Leasing Association (FLA) has claimed that this year's British International Motor Show (BIMS) could see increased sales as a result of competitive car finance deals.

The FLA claims that, compared to a year ago, more new cars are being bought with car finance.

In fact, 49.3 per cent of all new private car sales before June 2008 were point-of-sale car finance deals. This is an attractive option for motorists, especially in the current climate of economic uncertainty, as they would have more money available every month to pay road tax bills and car insurance premiums.

This year's British International Motor Show runs at ExCeL London from July 23rd to August 3rd.

Stephen Sklaroff, the FLA director general, thinks that car companies showcasing their wares at BIMS could reap the benefit of this shift towards car finance:

"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," he said.

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