Graham Hill Predicts Car Finance For 2010
Monday, 4. January 2010
Well here we are into a new year already. Hope you had a great Christmas and New Year celebration. Last year wasn’t as good as it should have been but didn’t end up as bad as I thought it might do due to an enthusiastic flurry in December. Unlike the last recession, during which we struggled to find clients that wanted to take out finance, I had about 5 times as many people looking for finance in this recession than I could actually arrange finance for, due to lack of available cars and the hardening of underwriting criteria as a result of little money available to lend. There were very few deals available towards the end of last year which was surprising as there is usually a last minute push to close the year on a high. However with investor expectations being pretty low for 2009 profits or should I say losses I believe most manufacturers simply battened down the hatches and are currently keeping an eye on what is happening amongst their competitors before launching, what we all hope to be, a large number of price incentives. Hopefully we will see an improvement in the economy as we move out of recession and the re-introduction of the great lease deals that we had in 2008. Hope you have a great and successful New Year. By Graham Hill
