Brand new cars with the latest ‘70’ number plate will start to arrive on forecourts in the next few days for sale from 1 September.
But those in the market for a new set of wheels – whether brand new or second-hand – should tread carefully if they need credit or finance to fund the purchase. Taking time to understand the pros and cons of various payment options can ensure you don’t pay over the odds.
New car sales usually spike in March and September – the months when new plates are issued – as drivers rush to be the first with the new numbers. But the coronavirus pandemic hit sales earlier in the year – new car registrations were down 44% in March, the month when the ‘20’ plate arrived, according to the Society of Motor Manufacturers and Traders (SMMT).
Pent-up demand during lockdown saw sales rally in