People Using Their Savings to Buy a Car

(PRWEB) August 25, 2006 -- According the latest reports coming in, more and more people in UK are going for a car purchase by utilising their hard earned savings rather than by taking a car loan.

A research by a famous savings company indicates that the amount of people using their savings to buy a car has increased by a third and has reached thirty seven percent.

The survey by the company also indicates interestingly that women are more likely to use their savings for a car purchase than men. Men find it easy to look for other finance opportunities when it comes to car finance.

A surprising 22.5 billion pounds of savings is going to be invested upon car purchase, despite the fact that 74 percent people say that spending money on a car is more a financial burden than an investment.

It has been noticed that possessing a car is often a matter of making a status statement for some. Some can go for a car loan even if they have a bad credit record.

For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact the webmaster or visit www.bad-credit-auto-loan.co.uk