Cheap car insurance news
20/09/2007

Demand for new cars highlighted by online car insurance company

More and more of us are buying new cars, according to a recent study by the AA.

Just as many motorists have turned to the internet to buy online car insurance, an increasing amount of drivers are buying brand new vehicles instead of second hand models.

The UK motor insurance company found that the demand for the 2007 car registration was up by a total of 22%, especially amongst those aged over 55.

Lloyd East, head of AA Personal Loans, said: "As interest rates rise, UK consumers are beginning to tighten their purse strings. But our research shows strong consumer demand for new registration cars ahead of September 1st." "Approximately one in three people buying a car in the next year will take out a loan or finance to fund their purchase."With interest rates rising, the cost of buying a car on finance is increasing and it is therefore essential that people intending to buy a new or used car shop around for the best deal before heading for the forecourt."

Anybody considering buying a brand new car should always get an online car insurance quote beforehand to ensure that their cheap car insurance policy remains affordable.

 

 

 

 

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