New car finance 'would prove popular'
A proposed new car finance scheme would prove popular if included in tomorrow's budget, according to a survey.
The proposed new car finance scheme would prove popular should the government decide to include it in tomorrow's budget, according to a recent survey.Conducted by uSwitch, the poll reveals that around 250 million Brits would be in favour of a government-sponsored new car finance scheme which would see motorists offered financial loans to trade in old vehicles for newer, greener models.
A similar scheme put in place in Germany has helped the car manufacturing market expand by 39.9 per cent in the last month, providing a vital boost to a recession-hit industry.
Mark Monteiro, insurance expert at uSwitch, said: "The research has also indicated a desire by motorists to upgrade to a greener vehicle with lower emissions, which would also benefit the environment."
The scheme currently under discussion could see the government funds capped at £560 million, offering £2,000 to around 280,000 motorists.
Alistair Darling will announce his budget tomorrow.
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