You find car, Credo can find best funding

Simon Gray, managing director of Credo Asset Finance. Picture: Archant library

Simon Gray, managing director of Credo Asset Finance. Picture: Archant library


Whether it’s diesel, petrol or electric, you find the right car for you and let Credo Asset Finance find the best way for you to fund it, says managing director Simon Gray.

As well as helping businesses find the best way to fund purchases, Credo is increasingly helping members of the public to do the same.

How you finance your next car is a decision that has become quite complex with the different ways of borrowing money these days, so it’s no surprise that this is the area we do most work in.

And, with all the current news reports about the ‘evil’ of diesel cars – which a few years ago we were told were the ones to buy – it’s becoming even more confusing for the majority of people who just want to get the right car to get from A to B.

The government plans to end all sales of petrol and diesel cars by 2040. So should you move to an electric car now?

Given most people change their car every three years or so, they will buy seven more cars before they stop selling petrol and diesel models!

And many experts predict it’s impossible to implement, as the National Grid couldn’t cope anyway with so many electric cars’ batteries being charged. So maybe for your next few purchases it’s not a major consideration.

Another question is whether diesel engines really are that bad. The answer is that older engines do contribute higher levels of nitrogen oxides (NOx), which experts say cause an impact to human health in terms of air quality. However, a number of the new diesel engines on sale now have emission levels as good as petrol cars but the recent bad press means new diesel car sales have dropped significantly.

The problem is that, on the whole, petrol cars pump out more carbon dioxide (CO2) emissions than diesel – one of the reasons we were encouraged to switch in the first place – so more petrol sales affects air quality less but may increase CO2 emissions that contribute to climate change problems for the planet.

At the end of the day, with disagreement even among experts, there’s a strong case right now for just buying the car that’s right for you, right now, whatever that may be.

And while this confusion continues, it’s likely to mean that there will be plenty of really good, fuel-efficient options on forecourts that dealers will be worrying about selling, so a great time to get a good deal.

If you’d like Credo’s help to find the most cost-effective way of financing a car through the multitude of lenders we can access, just get in touch.

Article sponsored by Credo Asset Finance, 85 Yarmouth Road, Norwich, NR7 0HF.

Phone 01603 703180.



Twitter @CredoFinance

Facebook /CredoAssetFinance

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Andy Russell

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EDP motoring editor, journalist who loves wheels and engines but hates cleaning them.

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