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Leasing & Finance

FLA reports growth in new cars bought on finance by businesses

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THE number of new cars bought on finance by businesses in the UK grew to over 56,000 in March, up 13 per cent compared with the same month a year ago.

According to latest figures released by the Finance & Leasing Association (FLA), in the first quarter of the year 116,395 were purchased, up 7 per cent on 2014.

Purchases are also up for the last tax year, with cars bought on finance by businesses exceeding 450,000, a 9 per cent increase year-on-year.

Meanwhile, the percentage of used cars bought on finance by businesses was up a massive 41 per cent in March to 4583.

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