Car loan customers looking to get part-exchange on their 4x4 could be lumbered with it, according to Parker's.
The UK's leading price-guide publisher was told by trade insiders that there is no demand for petrol 4x4's on the used car market.
Dealers are steering clear of thirsty off-roaders, especially those with large V8 engines, no matter how cheap the car is.
Kieren Puffett, editor of Parkers, said: "The large 4x4 market should stabilise eventually, but by the time that happens large 4x4s with petrol engines will be worth substantially less than they had been until fairly recently."
According to insiders, even four wheel drive vehicles bought at rock bottom prices are not guaranteed to sell at auction.
Car finance customers looking to get a new 4x4 might be interested to know that those with petrol engines have depreciated in value far more than those with diesel engines.
And according to Experian the steep rise in petrol prices has been matched by a decline in sales of petrol cars.
Savvy servicing skills required by driversMotorists in the UK need to make sure they wise up over getting their vehicles serviced, according to new research.A study from Automotive Technician Accreditation ...
Published: 25-Jul-2008
VW announces sales surpassing FordMotor car manufacturer Volkswagen (VW) has announced that it has produced sales over the first half of the year surpassing those of Ford.The 3.31 million VW models ...
Published: 29-Aug-2008
A shinier old car 'could lead to a shinier new car'Drivers looking to boost their car finance packages by selling their old vehicle have been advised to clean up their act.According to EurotaxGlass's, motorists ...
Published: 09-May-2008
Car credit customers could be tempted by curvier C4Motorists who are looking at buying an environmentally-friendly vehicle using car credit may be interested in the revised Citroen C4.The manufacturer claims as ...
Car Loan 4U is
authorised and regulated by the Financial Services Authority,
and licensed by the office of fair trading under the consumer
credit act 1974. Licensed Credit Broker. All finance is subject
to status and income. Written Quotation on request. Registered
office: Car Loan 4U Ltd, Beechfield House, Winterton
Way, Macclesfield, Cheshire, SK11 0LP. Registered in the UK.