Number Plates News

New 58 Number Plate Craze

19 August 2008

It is said that motorists are to spend almost £170 million collectively on new cars, with just less than half of consumers opting for expensive finance packages in order to be the proud owner of a "58" plate vehicle.

An estimated 400,000 new cars are expected to be sold in September after the new plates are released at the beginning of the month. Many of these vehicles will be bought with dealer finance at interest rates of around 2.5 per cent higher than the cheapest unsecured personal loan.

Buyers could save, on average, £826 each on interest payments over 3 years, but it seems they will pay the extra to grab one of the new style plates while they can.