A record number of UK consumers are purchasing new cars according to figures from the society of motor manufacturers and traders (SMMT). Their calculations show there has been a 7% increase in registrations of new cars in the first six months of 2015; making it the highest half year total on record.
Despite these impressive sales statistics, research has revealed that the publics understanding of finance deals is worryingly low. Of more than a 1,000 people questioned by BMW, two-thirds said they wouldn’t feel confident explaining terms such as annual percentage rates (APRs), unsecured loans and deposit contributions.
To help consumers sift their way through the financial jargon of buying a new car, TW White & Sons have created a new infographic designed to answer any difficult questions that the buying process may bring up.
Natalie Rice, digital marketing executive, from T W White & Sons explained why they put together the infographic…
“Buying a new car is an exciting experience for anyone, but it can quickly become a stressful one if you’re bombarded with payment options and financial jargon that you’re not familiar with.
We created this infographic to ensure people have the best information available to them enabling them to pick out the perfect deal suited to them”
Provided by TW White & Sons