Car finance – Increasing car tax, insurance and vehicle costs could lead to financing boom – Express.co.uk

There could be an increase in the amount of cars that are bought on finance deals because of the increasing fees motorists are expected to pay. 

A new study by Servicing Stop has found that despite only 18 per cent of motorists financing their cars, more than a third are more likely to finance their next vehicle rather than rent or buy. 

Since the introduction of higher road tax and insurance premiums, less drivers are looking to invest in a new vehicle. 

Under the new road tax rules, only electric cars under £40,000 are completely exempt from paying car tax. 

Car finance – Increasing car tax, insurance and vehicle costs could lead to financing boom – Express.co.uk}

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