Senior citizens in the UK are outnumbering the younger generation to invest in a new car. Research from AA Personal loans has revealed this surprising result.

London (ecar-loans) July 31, 2006: Research conducted by AA Personal loans has revealed that the number of retired people in the UK likely to invest in new cars is double the number of their young counterparts.

The research found that 43% of the people aged over 50 planning to buy a car, are aiming at purchasing new cars. On the other hand only 23% of the under 50’s think of buying new cars.

Lloyd East, general manager of AA Personal Loans, told that with the rising costs of looking after families, people under 50 were finding it hard to afford the luxuries of life.

He advised that buying a second hand car would not be a bad financial decision. He added that the value of a car depreciated by as much as 30% within the first year after the purchase and 15% over the second year.

For additional information on the news, that is the subject of this press release or (for a copy, demo, or sample) you can contact the webmaster or visit www.ecarloans.co.uk


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