Man depends more on borrowed money for car purchase than woman

- LONODN, UK, August 26, 2006 - The males in UK depends more on borrowed money for purchasing cars than woman does. Being cost-effective, many of the Brits take out personal loans to finance their car purchase.

Males in UK depends on borrowed money to finance their car purchase than their female counterpart. Many people in UK take out personal loans to pay for the car they want to buy. The option of personal loan for financing a car remains far better than any other source of car finance. Despite that there are other customised car loans easily accessible to the borrowers in UK.

However, a fair number of Brits use their savings to purchase new cars. In this method of buying cars women are ahead of men. New research from AA Savings reveals that 40 per cent of women planning to buy a new car will use their own saving. On the other hand, only 37 per cent of males will use their saving to buy cars. This clearly shows that women in UK are well ahead of their male counterpart in saving money.

There is news that around 400,000 new cars are going to be registered in the following September. This means that a huge amount of savings will be spent on car purchasing. At the same time, more personal loans will be taken to buy cars.

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26.08.2006 - 21:56 Source: 24-7pressrelease.com | Read: 325 X