Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 18/12/2009

Loan charges: Car loans likely to remain 'scarce' in 2010

Demand is picking up among motorists for car finance, but lending is likely to remain tight for much of 2010, it has been suggested.

According to the Retail Motor Industry Federation, point-of-sale car loans have been necessary to fund a significant number of the new car purchases taking place in recent months.

Consumers risk heavy loan charges if they fail to make repayments on such financing, however Sue Robinson, director of the federation, expects sales of new cars to remain high until the end of the year.

After that, she suggested that changes to the industry could see the number of car buyers drop off rapidly: "2010 could see a tougher marketplace for vehicle sales as consumers are hit with increased VAT, the removal of scrappage incentives and constricted disposable income."

Ms Robinson's comments came in response to a release by the Finance and Leasing Association, which revealed that the number of new cars bought by consumers using car loans was up 18 per cent in October, year-on-year.

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges formADNFCR-2776-ID-19521231-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide