Divide in demand for petrol and diesel cars
Published On 26 October 2007
People planning on using car finance deals to purchase a motor are most likely to opt for a petrol engine if they buying new, a study has indicated.Data gathered by the AA found that 46 per cent of people said they would use car finance to buy a new petrol car, compared to 28 per cent who would opt for diesel.
In contrast, more people buying used cars said they would choose diesel over petrol.
Nearly half (44 per cent) of people with families said that they would look to buy a diesel car and possibly use car finance to make the purchase.
"Diesel seems to be king in the second hand market. The swing to petrol for 57 plate cars could create a future supply issue in the second hand market and so used diesel cars may hold their value for longer," explained Mark Huggins, managing director of AA Personal Finance.
"But when buying a new car it's important to consider not just its cost, but also how you will be using it. If you're making frequent long journeys for example, a diesel could save you money with its greater fuel efficiency over long distances.
"Whilst diesel cars might cost more up front, getting a good deal on your finances could mean you are able to afford a car that will hold its value for longer as well as cutting your fuel bill."
