3 March 2009
Fewer people are thinking of buying a car in the next six months, claims Sainsbury's Bank. It suggests the number of people considering making a purchase has declined to its lowest level in four years, with 6.33 million predicted to buy a vehicle between March and August 2009. "Our latest car buying index, which has been running now for six years, sees a real [increase] ... in the amount of money they are intending to spend," comments Steven Baillie, Head of Loans, Sainsbury's Finance. Nonetheless, people are still planning on buying second-hand and used cars, the figures show, with motorists reminded to equip their new purchase with car insurance. Some cars are even being sold at half the asking price at the moment, Sainsbury's adds. Recently, the Retail Motor Industry Federation revealed now was the ideal time to buy a car, with various deals making it more appealing than ever. Search online to compare the best car insurance deals.