Skip to main content

Motor Vehicles: Government Assistance

Volume 489: debated on Tuesday 10 March 2009

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what estimate he has made of the number of applications by individuals for car loans which were rejected in each month since January 2008; what assistance he plans to give to individuals to secure finance for the purpose of purchasing a new car; and if he will make a statement. (259052)

The Government do not routinely collect information on individual car loan rejections. My noble Friend, the Minister for Trade and Investment, is exploring what solutions can be found to enable the car finance industry to access credit. He is consulting with a range of interested parties, including the Bank of England, banks and the motor finance industry.