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    It's already collapsed.

    In the 12 months to March, private new-car sales financed by Finance and Leasing Association members accounted for 95.6pc of the market.

    The idiots were paying hire purchase in goods which They Would Never Own!

    The scam was rather than paying off the loan you would UPGRADE to a new model.

    It's ended. Car ownership is no more. Taxis + car rental will save you a fortune on investing in a depreciating load of metal which you rarely use.

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