Top Car Requests for Car Loans Revealed

Online, April 11, 2012 (Newswire.com) - One the UK's largest Car Finance providers, Car Loans 4 U have released monthly figures relating to the most popular car models using data from car credit applications.

Using non-confidential data from customers applying for car credit, Car Loans 4 U have collated data that reveals the most popular cars on a monthly basis. This data will be used to populate their monthly Car Finance Car Index.

James Wilkinson, Co-Director of Car Loans 4 U explains, 'The first Car Finance Car Index from Car Loan 4U highlights the most popular cars in regard to new car finance applications from UK motorists. It is a monthly snapshot on the cars that are proving particularly popular'.

Looking at the most popular cars as requested by Car Loan 4U customers applying for car loans, the Car Finance Car Index reveals that the most popular cars in the UK for January by volume of car finance applications were the Vauxhall Astra, followed by the Ford Focus, BMW 3 Series and Vauxhall Corsa.

James Wilkinson goes onto say, 'We receive thousands of applications for car credit each month and the results show demand for popular cars such as the Vauxhall Astra and the Ford Focus is strong. These are great all round cars - perfect for families and busy professionals alike, with efficient running costs and low maintenance. We can see that our customers are keen to purchase practical cars'.

James Wilkinson concludes by saying, 'Our flexible credit agreements and car loans are available from just 7.9% APR, so there's no need for any motorist to make do with an inefficient motor. We aim to publish this Car Finance Car Index each month as a snapshot on the motoring economy and as a barometer as to what cars are proving most popular with those seeking car credit each month.'

Car Loans 4 U offers a range of Car Finance options and also includes additional products such as insurance.