{"id":66828,"date":"2017-09-19T19:50:24","date_gmt":"2017-09-19T12:50:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-finance-the-fast-lane-to-debt\/"},"modified":"2017-09-19T20:03:12","modified_gmt":"2017-09-19T13:03:12","slug":"car-finance-the-fast-lane-to-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-finance-the-fast-lane-to-debt\/","title":{"rendered":"Car finance: the fast lane to debt?"},"content":{"rendered":"


\nDealers are offering low deposits and mobile phone-style contracts that could mean bigger risks for buyers A visit to the car showrooms around north London gives a stark illustration of how British consumers have driven themselves almost \u00a360bn into the red.Seemingly cheap financing deals offer the opportunity to drive away a brand new car less than two weeks from signing on the dotted line. There can be little or no deposit, while monthly payments from as little as \u00a3100 can stretch the bill over a two- to four-year period. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Car finance: the fast lane to debt?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dealers are offering low deposits and mobile phone-style contracts that could mean bigger risks for...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-66828","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-hnS","jetpack-related-posts":[{"id":59090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-banks-ordered-to-hold-more-capital-as-consumer-debt-surges\/","url_meta":{"origin":66828,"position":0},"title":"UK banks ordered to hold more capital as consumer debt surges","date":"June 27, 2017","format":false,"excerpt":"\r Bank of England brings forward annual stress tests as Threadneedle Street grows anxious over lenders\u2019 exposure to consumer creditThe Bank of England is to force banks to hold more capital in the face of rapid growth in lending on credit cards, car finance and personal loans.The intervention by Threadneedle\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/money-talks-where-next-after-buy-to-let-new-car-sales-in-fast-lane-and-energy-giants-incompetence\/","url_meta":{"origin":66828,"position":1},"title":"Money Talks: where next after buy-to-let, new car sales in fast lane, and energy giants' incompetence","date":"January 7, 2016","format":false,"excerpt":"\r Plus, the petition to compensate women left out by state pension rise, Cash Genie in liquidation, and homes with towersHello and welcome to this week\u2019s Money Talks \u2013 a roundup of the week\u2019s biggest stories and some things you may have missed. Continue reading...\r \r Source : theguardian.com\r Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60184,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-cheap-car-loans-steer-britain-to-a-financial-crash\/","url_meta":{"origin":66828,"position":2},"title":"Will cheap car loans steer Britain to a financial crash?","date":"July 8, 2017","format":false,"excerpt":"\r The car-led consumer credit explosion must be controlled, perhaps by bringing in affordability rules as with mortgagesIf you think Britain is teetering on a cliff-edge of impossibly high personal debt, then the website of The Car Finance Company will confirm your worst fears. Maybe you don\u2019t have a job\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43637,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-car-loans-driving-us-towards-the-next-financial-crash\/","url_meta":{"origin":66828,"position":3},"title":"Are car loans driving us towards the next financial crash?","date":"February 10, 2017","format":false,"excerpt":"\r Fears are being raised that a boom in personal contract plans is fuelling another colossal build-up of debt in UK and US A huge increase in the amounts borrowed by already-indebted households in Britain and the US to buy new vehicles is fuelling fears that \u201csub-prime cars\u201d could spark\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76804,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/quarter-of-uks-poorest-households-are-getting-deeper-in-debt-ifs-warns\/","url_meta":{"origin":66828,"position":4},"title":"Quarter of UK's poorest households are getting deeper in debt, IFS warns","date":"January 16, 2018","format":false,"excerpt":"\r Poorest households are spending 25% of monthly income servicing debts as UK borrowing rocketsOne in four of Britain\u2019s poorest households are falling behind with debt payments or spending more than a quarter of their monthly income on repayments, according to a study.The latest evidence of mounting debt problems for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/debt-laden-conglomerate-hna-sells-space-in-shanghai-tower-to-singapores-capitaland-for-us400-million\/","url_meta":{"origin":66828,"position":5},"title":"Debt-laden conglomerate HNA sells space in Shanghai tower to Singapore\u2019s CapitaLand for US$400 million","date":"January 7, 2019","format":false,"excerpt":"\r The Chinese debt-laden aviation-to-finance conglomerate HNA Group has sold 70 per cent of space in a Shanghai office building to Singapore property giant CapitaLand for 2.75 billion yuan (US$400.5 million), CapitaLand said on Monday. 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