Glass’s Guide Prints My Article and Comments

Posted on | October 25, 2006 | Comments Off

MOTOR TRADE ACCUSED OF ADDING TO NATION’S DEBT

AN ONLINE car rental company is accusing car-makers and dealers of ramping-up Britain’s debt mountain.

Last week, research from Datamonitor revealed that the average British resident is currently £3,175 in debt.

“It’s amazing that the UK car industry is geared up to sell cars on HP and personal loans, and that consumers accept this,” said Ling Valentine who runs LINGsCARS, from Newcastle.

“This means people get into so much debt, buying a depreciating asset. It’s crazy. Car dealers add so much profit on to these finance deals and loans, and people simply ramp up their borrowing.”

“Common sense tells me people should rent their new cars at a fixed monthly cost and put their money into their house.”

Ling Valentine rents over £1.5m of new cars every month from her site.

* The Datamonitor report said that Total UK personal debt, including mortgages, is about £1.2 trillion. Compared with the average UK resident, the average European owed just £1,558 in unsecured debt

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I am Ling Valentine as seen on Dragons' Den I lease cheap cars in the UK!. Have a look at my Cheap car leasing website

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Don't run, little customers! I'm friendly...

I am the Viz UK business ambassador!
Post me Ferrero-Rochers! Yum Yum!

Unlike most other internet car leasing sites, I publish all my contact information openly!
...so, you know who I am - Ling

THE UK's FAVOURITE
CAR LEASING WEBSITE!

Boss: Ling Valentine MSc IoD
LING World Headquarters
Vance Business Park
Gateshead, NE11 9NE
Tel 0191 460 9444
Fax 0870 486 1130
sales@LINGsCARS.com
I prefer email to phone - Ling
VAT No: 866 0241 30
Co Reg No: 6178634
Consumer Credit Licence: 624022
Data Protection No: Z1098490
Best Before: 17/08/2007

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Wah! LATEST: A man, lah, believed to be from Londonderry, lah, dies after shooting at house in Buncrana, lah, County Donegal. You understanning yet? Paying more attention! - news replorted 00:01

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