New car finance warning as PCP deals peak at record 3. New car finance deals peaked at a record monthly high in March, data revealed yesterday, amid worries over British household debt levels. A week after the UKs chief financial watchdog issued a warning on the dangers of easy credit, figures from the Finance Leasing Association showed that credit for motor purchases peaked at 3. Save 100s on your energy bill by switching supplier. Sign up for MSEs Big Switch or join the Cheap Energy Club to beat price hikes. Check out reviews and best deals on these top five recommended Compact SUV Crossover best new cars. Qashqai, Yeti, CRV, CX5 and Sportage. Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News. Car finance how to get the deals you want Charley Simpson October 15, 2014 at 1214 PM. For those who dont use Experian, even on a trial. CarBuyer helps you decide which new car to buy, with expert car reviews, car news, helpful buying guides and detailed video test drives. Personal Contract Purchases compared to a year previous. PCPs, under which buyers effectively rent a car for up to four years, are currently on the radar of both The Bank of England and the Financial Conduct Authority. Record level New car finance deals peaked at a record monthly high of 3. Best Car Deals March 2014 Uk' title='Best Car Deals March 2014 Uk' />Nationwide Suppliers of Vans and Cars GB Car Deals. Arena Condensed Font. Latest Volkswagen Polo deals and PCP finance information. Compare the best Polo deals for a hasslefree buying experience. Our guide on how to find compare the best broadband deals on MoneySavingExpert. The annual Which Car Survey helps us identify the most reliable cars in the UK. And its thanks to the thousands of people who tell us about their cars. Credit agencies warn falling used car prices and diesel crackdown could sink UKs 31bn pile of motor finance debt. Credit agencies have issued warnings about loans. March. Last month, the FCA launched a probe into the UK car finance market over concerns about a lack of transparency, potential conflicts of interest and irresponsible lending in the motor finance industry. Consumer groups have also urged motorists to think carefully before committing to PCP deals. Todays figures are a further indication of the popularity of car finance deals, said Joanna Elson, chief executive of the Money Advice Trust the charity that runs National Debtline. For many consumers this offers access to a car that would otherwise be unaffordable, however it is important that the affordability of offers is fully assessed and that consumers are clear on the terms so that they know from the outset what they are committing to, and can plan accordingly. Alex Buttle, director of car buying website Motorway. PCPs and diesel vehicle prices falling. He said The car finance industry might claim they are lending responsibly, and that may well be the case, but they cant control car values. Vray 3Ds Max 2008 Free Download on this page. Why is that a problemWell were in the midst of a diesel vehicle crisis, and diesel prices look vulnerable. In fact, our figures suggest diesel prices could fall ten to 1. Car finance deals, of which many will be diesel cars, are at record levels as diesel car values are starting to fall in the wake of some pretty negative news. We could be looking at a perfect storm, as the majority of car finance deals are PCPs, which are calculated according to how the car depreciates, at a time when car values could start falling at a rate of knots. Lending concern The Bank of England has flagged concerns about the car finance marketThere could be a lot of diesel car owners concerned about the car finance deals theyve just taken out and worried that the value of their car will drop and put them in negative equity territory at the end of the deal term. New business was also up ten per cent in value on a three per cent volume increase during the first quarter of 2. FLA. Overall, including used cars, consumers spent a record 3. March. Geraldine Kilkelly, the FLAs head of research and chief economist, said The first quarter of 2. The percentage of private new car sales financed by FLA members has remained steady at 8. Seven Kingdoms Conquest Full Game more. Lumia Archives Microsoft Devices Blog. Microsoft Devices Blog. Nima Benati, is a 2. After working for several famous brands and magazines, she recently decided to undertake a new challenge portray the street style Read more. 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