UK Used Car Market
As a nation of car lovers, 1000's of used cars are bought and sold in the UK every single day. Each year used car sales outnumber new car purchases by an average of 3 to 1!
It is easy to understand why so many people choose a used car, the primary motive being cost, drive a new car off the forecourt and depreciation starts to set in, and yet with the sheer choice in the second hand market, you are guaranteed to find the car you love.
At elogbookloan we have continually helped customers that would rather not sell their treasured vehicle to raise finance, and instead by taking a logbook loan against their car, they have kept their vehicle and also raised the cash they needed.
In this infographic we take a look at the nation's preferences in the used car market during 2015.
Warning: Late payment can cause you serious money problems. For help go to www.moneyadviceservice.org.uk
This type of loan is secured on your vehicle. Missed or late payments may incur fees and/or the repossession of your vehicle.
elogbookloan lenders are members of the CCTA and are authorised and regulated by the Financial Conduct Authority.