It has been proved that, majority of people, especially men's dream would be to purchase a Colorful, Fancy and flashy looking cars.
The study proves that there are few persons like Jeremy Clarkson and Lewis Hamilton who need to buy such cars which will grab the attention of the people who looks into that and other motorists. Among this people almost 39 percent, i.e. 2/5th of them have just revealed about their desire to purchase such flashy cars. About 46 percent of youngsters between the age 18-25 are very fanatical about the ostentatious set of wheels and they really love to buy such fancy cars. This is not only the desire of the men, but 60% women like Fiona Leggate and Vicki Butler-Henderson who are of the same age showed their desire to buy such automobile.
Those looking for a competitive way to fund purchasing a fancy car, such as a Porsche 911 or Ferrari Enzo, may wish to consider taking out 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 findings also indicated that many drivers misjudge the effect of depreciation on their current vehicle. At present the typical Briton thinks that their car goes down in value by ten per cent every year. However, in reality Fool pointed out that values diminish by 15 per cent a year. For those who spent 11,250 pounds on a car seven years ago it was claimed their automobile will now be worth 3,600 pounds, not the 6,193 pounds they were anticipating.
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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