Real Life Money and Credit

Just recently statistics have been released that shows new cars sales have fallen to their lowest April level for the last 18 years, which has also ultimately made it the eleventh month in a row of decline.

But car dealers are staying calms as they turn their wishes onto the new scrappage incentive scheme getting the sector out of the current slum. This should without a doubt help the industry.

Authorities have indicated that the scheme is intended to help remove pollution, but I personally believe that they are doing this to revive the car industry.

A vast amount of people have actually turned to purchasing used cars because they are alot more cost effective, but is this always the solution? From what I have seen over the last few months when people buy a used car and then end up paying a fortune to get it repaired. The great aspect about buying a new car is that you are guaranteed it will not break down on you for atleast two years.

Although the car sector has hit an all time low I do expect things to pick up by the end of the year. Let's hope the scrappage scheme is here to stay.

Do you want to Buy a Honda or Buy a Toyota