Transportation News / Alex Scott Cars Ltd

Change to Pension Rules Set to Boost Car Market, Says Cramlington-Based Dealer

Via: ReleaseWire

Updated 3:15 AM CDT, Fri, May 01,2015

Cramlington, Northumberland -- (ReleaseWire) -- 05/01/2015 -- The changes to pension rules that come into force this month could be good news for the car business, says Cramlington-based dealer.

The new rules allowing over 55s to take tax-free cash out of their pension funds could lead to many older people deciding to buy a car. Although government ministers joked about pensioners going out to buy Lamborghinis, there is a serious side.

The ability to take money from their pensions could see many older people looking to buy a new or nearly-new car as a purchase to "see them out", but it could also mean a boost in convertible sales as people opt for something like an MX-5 to provide a little retirement fun.

With cash in their pockets, these buyers will be less likely to opt for finance and leasing deals on their cars and will be keen to negotiate a good deal on their purchase. Even for those not spending their pension pots when shopping for used cars Northumberland dealer Alex Scott Cars has a good range of vehicles to suit buyers of all ages.

Just don't be surprised when you see a line of shiny convertibles emerging from your local retirement village.

About Alex Scott Cars
Located within easy reach of all the main population centres of the North East, Alex Scott Cars specialises in supplying one-owner used cars with full service history. It's well established in the area and has a strong reputation, with many customers returning again and again. It offers a full range of services, including part-exchange, finance, MOTs and servicing.

For Media Contact:
Name: Alex Scott
Business Name: Alex Scott Cars Ltd
Address: Central Garage, High Pit Road
City: Cramlington
County: Northumberland
Postcode: NE23 6RB
Country: United Kingdom
Phone No.: 01670 712240

For more information on this press release visit:

Media Relations Contact
Alex Scott
01670 712240
Email: Click to Email Alex Scott