Car loans and finance are on the rise.

It’s positive news for once regarding car finance and the British motor sector. Finance & Leasing has released figures showing a large rate of growth from December 2008 and 2009 of 91%. This news can only be encouraging for current car dealers who offer car finance and car loans as they look forward to a busy first quarter in 2010.

 It was the VAT increase that seemed to achieve greater sales, with the increase looming; the end of 2009 saw the largest increase, a typical consumer buying a £15,000 car before the VAT increase made a saving of £375.

We all know how hard the recession has hit and with car finance now looking a far more attractive and viable solution, the next few months should see a further increase in car loans and sales. It will take a long time for the car industry to recover from the credit crunch, however it seems the wounds are healing; slowly but surely.

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