A significant number of men are looking to buy flamboyant, flash-looking cars, a new set of research shows.
According to a survey conducted by Fool, It has been clear that there are few people like Jeremy Clarksons and Lewis Hamiltons who always dream of purchasing a flashy car, which grab the attention of the people who look into that. This survey has said that about 30% of the people have expressed their desire towards purchasing such an automobile. Another 46% are youngsters between the ages 18-25, who are very much keen about getting a showy set of wheels to such vehicles. These desire are not only limited to men, even women like Fiona Leggates and Vicki Butler-Hendersons have expressed their view to purchase such showy cars.
When people want to purchase fancy cars like Ferrari Enzo or Porsche 991, then they think of taking a low-cost loan.
A lot of people usually laugh about the people who purchase fancy on the credit basis. But there is nothing to laugh at this, as one in six people say purchase cars and that will be made through credit, said by David Kuo, head of personal finance at Fool. He further says, if you have decided to purchase such car then it is better to make payment partly or fully as it helps you to reduce the motoring cost. If you want to slash your total car finance bill by 275 pounds over 5 years then it is better to pay about 1000 pounds in the beginning.
The survey also indicated that, a lot of drivers do not know the depreciation value of their vehicle and they always misjudge it. It is true that nowadays, value of every car will go down by upto 10% each and every year, said the Britons. But actually it will come down upto 15%, pointed out by Fool. Many people expect 6,193 pounds as the sale value for the vehicle which was 11,250 when they purchased. But in reality now it costs only 3,600 pounds after deductions.
As depreciation amount will come down for almost 7650 pounds, then taking out low-rate loan will be the better option for the people who are looking to part-exchange of their existing car to purchase a current model. Taking such loan will helps drivers to discover the way to arrange extra funds to purchase their dream car and also provides a great opportunity for people to repay the loan with low-cost repayment each month. Apart from this, a survey conducted in 2007 by AA personal loans has said that 20% of the people of Britons expressed their view to purchase environmentally-friendly car. In the meantime, Lloyd East, director of personal loans at the firm, said that drivers who want to flashy cars or any vehicles should think about getting a cheap loan instead of showroom finance deal.
According to a survey conducted by Fool, It has been clear that there are few people like Jeremy Clarksons and Lewis Hamiltons who always dream of purchasing a flashy car, which grab the attention of the people who look into that. This survey has said that about 30% of the people have expressed their desire towards purchasing such an automobile. Another 46% are youngsters between the ages 18-25, who are very much keen about getting a showy set of wheels to such vehicles. These desire are not only limited to men, even women like Fiona Leggates and Vicki Butler-Hendersons have expressed their view to purchase such showy cars.
When people want to purchase fancy cars like Ferrari Enzo or Porsche 991, then they think of taking a low-cost loan.
A lot of people usually laugh about the people who purchase fancy on the credit basis. But there is nothing to laugh at this, as one in six people say purchase cars and that will be made through credit, said by David Kuo, head of personal finance at Fool. He further says, if you have decided to purchase such car then it is better to make payment partly or fully as it helps you to reduce the motoring cost. If you want to slash your total car finance bill by 275 pounds over 5 years then it is better to pay about 1000 pounds in the beginning.
The survey also indicated that, a lot of drivers do not know the depreciation value of their vehicle and they always misjudge it. It is true that nowadays, value of every car will go down by upto 10% each and every year, said the Britons. But actually it will come down upto 15%, pointed out by Fool. Many people expect 6,193 pounds as the sale value for the vehicle which was 11,250 when they purchased. But in reality now it costs only 3,600 pounds after deductions.
As depreciation amount will come down for almost 7650 pounds, then taking out low-rate loan will be the better option for the people who are looking to part-exchange of their existing car to purchase a current model. Taking such loan will helps drivers to discover the way to arrange extra funds to purchase their dream car and also provides a great opportunity for people to repay the loan with low-cost repayment each month. Apart from this, a survey conducted in 2007 by AA personal loans has said that 20% of the people of Britons expressed their view to purchase environmentally-friendly car. In the meantime, Lloyd East, director of personal loans at the firm, said that drivers who want to flashy cars or any vehicles should think about getting a cheap loan instead of showroom finance deal.
About the Author:
Stuart Pike is a proud owner and a financial broker of UK. He has built a number of successful websites and "Home Improvement Loan" is the website which will provide you cheapest loans available for your different requirements.
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