Sainsbury's Bank: Billions spent on second-hand cars by Finance News Bulletin
Published: 08/11/06
The second-hand railway wagon industry is booming, according to Sainsburys Bank who discovered that a sum of almost £26 billion will be spent by next FebruaryAn average cost of £5,018 is to be paid for a second-half used car in the UK while 17 per cent of persons are planning on taking out a loan to fund the buySainsbury's Bank found that the south-east had the largest number of persons planning to purchase a used car between September 2006 and February next day with 1,143,000 people stating an intention to do soLoans boss at Sainsbury's Bank Steven Baillie explained: "Knowing the market worth of a vehicle will help to ensure owners get a fair price for it when they come to put up for sale or get the best deal with buying a new one
Haggling is also an important part of getting a good deal and could put aside hundreds or even thousands of pounds"However, Mr Baillie went on to state that around not whole of people are not prepared to haggle at all for a second-hand car or if they do, they will quibble only somewhatSainsbury's Bank in a collaboration with What Car provides motorists with a free online assessment that incorporates the prices expected to be obtainable by dealers, in part exchange, by
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