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Finance round-up: Buyers need loans

A survey found the number of people planning to buy a car remains at its lowest for three years, but one in four (27%) of those who do, say they will need a loan as part of the purchase.

Sainsbury’s Finance’s latest half-yearly survey found 6.85 million people want to buy a car by next March.

On average, they are each prepared to spend £300 more than those surveyed for a similar report in March.

The spend was set to increase by £2.1 billion to £49.6 billion.

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