{"id":66842,"date":"2017-09-19T19:50:45","date_gmt":"2017-09-19T12:50:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-you-need-to-know-about-car-loans\/"},"modified":"2017-09-19T21:04:07","modified_gmt":"2017-09-19T14:04:07","slug":"what-you-need-to-know-about-car-loans","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-you-need-to-know-about-car-loans\/","title":{"rendered":"What you need to know about car loans"},"content":{"rendered":"


\nCar firms have given out \u00a341bn of cheap loans to cause a boom in leasing, but obscure clauses may hide the real costThere has been a significant increase in the number of new cars on Britain\u2019s streets in the last three to four years, with vehicle registrations increasing to a record high of 2.7m in 2016. . Behind the boom is a new finance leasing product \u2013 a personal contract plan \u2013 that means the driver never owns the car, but only pays a small deposit and interest payments to over the depreciation of the car cover three to five years. At the end of the contract, they then have the option of making a \u201cballoon payment\u201d in order to keep the car or to hand back the vehicle at no cost. Continue reading…
\n
\nSource : theguardian.com
\nRead more…What you need to know about car loans<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Car firms have given out \u00a341bn of cheap loans to cause a boom in leasing,...<\/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-66842","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-ho6","jetpack-related-posts":[{"id":43637,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/are-car-loans-driving-us-towards-the-next-financial-crash\/","url_meta":{"origin":66842,"position":0},"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":59554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-and-charities-urge-car-leasers-to-publish-sub-prime-loan-figures\/","url_meta":{"origin":66842,"position":1},"title":"MPs and charities urge car leasers to publish sub-prime loan figures","date":"July 2, 2017","format":false,"excerpt":"\r Fears over lending grow as 85% of new cars are financed using loans but car leasing lacks industry-wide figures for arrears and defaultsMPs and debt charities have called on the car leasing industry to reveal the number of people in arrears and defaulting on loans, amid fears that consumer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/drive-off-with-a-secondhand-car-for-less\/","url_meta":{"origin":66842,"position":2},"title":"Drive off with a secondhand car for less","date":"February 25, 2017","format":false,"excerpt":"\r Buying a used car was historically fraught with danger, but the rise of finance leasing deals means many three-year-old cars can be safely snapped upOver the past three years consumers have increasingly been relying on credit to fund new car purchases, with nearly nine out of 10 private vehicles\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1779,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spend-spend-spend-its-what-the-chancellor-is-praying-for\/","url_meta":{"origin":66842,"position":3},"title":"Spend, spend, spend \u2013 it\u2019s what the chancellor is praying for","date":"January 17, 2016","format":false,"excerpt":"\r Personal debt and the booming property market have become the main drivers of growth in Osborne\u2019s economyGeorge Osborne has already put in place legislation to prevent future governments racking up more debt, but consumer borrowing? Well, that\u2019s another matter. Consumers who spend all their wages and then a bit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-you-join-the-charge-and-buy-an-electric-car\/","url_meta":{"origin":66842,"position":4},"title":"Should you join the charge and buy an electric car?","date":"June 17, 2017","format":false,"excerpt":"\r Green motoring is becoming financially attractive thanks to a drop in leasing prices and lower running costsIs now the time to buy an electric car? Falls in financing costs mean that switching to a zero carbon-emitting vehicle won\u2019t just help the environment, it can be cheaper than buying and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66840,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/car-leasing-how-one-petrolhead-has-become-more-wary\/","url_meta":{"origin":66842,"position":5},"title":"Car leasing: how one petrolhead has become 'more wary'","date":"September 19, 2017","format":false,"excerpt":"\r Finance plans offer cars for small monthly payments, but one driver found himself saddled with a \u00a3900 bill for minor repairsJames Ahari knows about cars after several years in the insurance industry, much of it spent handling motor policy claims. He is also a self-confessed petrolhead.But he says anyone\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66842"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=66842"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66842\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=66842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=66842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=66842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}