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Nissan Approved – Used Offer Extended 21 January 2013

  • Approved-used scheme offer extended
  • For CARED4 vehicles bought on Nissan finance
  • Two-years servicing and breakdown included

Nissan has extended an offer that runs in conjunction with its approved-used scheme, and gives customers even more for their money.

Anyone who buys a CARED4 approved-used Nissan before March 31, using Nissan finance through the UK network, will also get free servicing for two years, and European breakdown cover.

Every CARED4 Nissan comes with a 12-month manufacturer warranty, full service history and finance, while it also undergoes a mileage check and multi-point inspection before it can be included in the scheme.

All approved-used Nissans are younger than seven years old and have covered fewer than 75,000 miles. A new MoT test certificate and insurance covering the owner up to £750 are also included in the deal.

See how we got on with our used Nissan QashQai on Nissan’s CARED4 scheme.

Mercedes-Benz finance up 24% in 2012 | 18 January 2013 by Richard Irvine-Brown

Loans to private and business customers from Mercedes-Benz Financial Services (MBFS) in the UK grew 24% by volume, year-on-year, in 2012.
MBFS also reported a penetration rate of 60% for passenger cars and 40% for vans, trucks and canter. In April 2012, Daimler, parent of Mercedes-Benz, claimed a worldwide penetrations rate of 40%.

In a company statement, the manufacturer congratulated its captive finance provider for “leading the way” in 2012.

The news follows the announcement this time last year by MBFS that it had doubled its finance volume between 2009 and 2011. Although this was largely on the back of growth in financing of fleet and commercial vehicles, Alex Matthews, director of commercial vehicles and direct sales, told Motor Finance MBFS, also known as CharterWay, was looking to tie itself closer to Mercedes-Benz UK.

According to latest figures from the Society of Motor Manufacturers and Traders, Mercedes-Benz registered 91,855 new vehicles in the UK in 2012, a year-on-year rise of 12.19%, while fellow Daimler brand smart registered 5,616 new sales, up 11.34%, with market share between the two now at 4.76%.

According to figures from the manufacturer, sales through franchised dealerships were up by 18% on 2011 levels and the C-Class was its best-selling passenger car of the year with 37,261 new registrations.

Great deals drive an extra £2bn of new car finance | 9 January 2013

Great deals drive an extra £2bn of new car finance

The number of new cars bought on finance continues to grow strongly, largely due to the good deals offered by lenders in car showrooms. The industry provided more than £9 billion of finance for consumers to buy more than 650,000 new cars in the 12 months to November 2012, a 34% increase in value on the same period a year earlier, an increase of more than £2 billion.

The FLA’s latest statistics also show that 70.8% of all private new cars sold over the previous 12 months were funded by showroom finance. PCP agreements now account for 63% of total new agreements by value.

0% deals help increase dealer finance | March 12 2012

  • 42% rise in cars bought on dealer finance
  • 0% APR finance deals encouraging buyers
  • Lower deposit requirements help, too

Attractive 0% APR deals helped convince more than 33,000 people to buy a car on dealer finance in January, according to the Finance and Leasing Association (FLA).

New-car buyers borrowed £459 million on finance deals, an increase of 42% on January 2011.

Used car buyers also bought more cars on finance – dealers reported a 14% increase in the number of used cars sold with finance in January, compared with the same period in 2011, while the business finance market recorded a 19% increase in such purchases.

The reason for the increase is largely down to low-rate APR deals that are being offered by finance providers, with an increasing number offering deals at 0% interest.

For example, buyers can currently get 0% APR deals on:

  • Citroen C3
  • Honda Jazz
  • Nissan Note
  • Nissan Qashqai
  • Renault Megane
  • Toyota Aygo
  • Vauxhall Zafira Tourer

Motor finance providers are also accepting smaller deposits from customers, making the finance route more appealing.

Paul Harrison, head of motor finance at the FLA, said: ‘These figures are striking for January, when customers often cut back after Christmas. Good offers have attracted customers, and people have taken full advantage of the low rates available on motor finance.’