aa says new financing deals are getting cleaner cars on to the roads but is there a catch? - air cleaner in car

As AA made it clear today, the car market is changing dramatically.
The group says the number of people planning to continue driving cars in more than five years has fallen by 11 per cent.
Accounted for 3. 4m motorists.
The driver of this growth is the growing popularity of financing deals that allow buyers to upgrade every three years or so.
AA said a poll survey it conducted showed that about the fifth car on the road is currently funded by financing schemes such as personal contract purchases (PCP)
Or rent a purchase (HP)
And the number is growing rapidly.
According to the calculation of AA, in the current cycle, the cars purchased through these transactions are about 700,000 more than the driver's last purchase of the car.
Only a few companies plan to keep their vehicles at the end of the plan and most prefer upgrades and new deals.
Seeing people hang on the car for as long as possible, the old model with the aim of getting the maximum value from their purchases is disappearing.
This can be seen as a fairly positive development in some respects.
James Fairclough, CEO of AA Cars, notes that cars are getting cleaner and more efficient.
The cyclical impact of these transactions means that buyers get less environmental destructive vehicles on the road faster than other situations.
This is welcome, especially in cities where traffic jams in Britain are significantly poor in air quality.
But there is a downside when asking how good these deals are for consumers, or at least it may be. Which?
Auto finance is a major source of profit for auto trade, which further increases its profits by selling additional products such as insurance products.
Financial products are known for their tail sting, both products and AA both urge consumers to "do their homework" before jumping in, and if something rings the alarm, please accept the advice
The collapse of payment protection insurance has come to an end.
The Financial Conduct Authority's cut-off on new claims will take effect next year.
However, given the records of the financial services industry, it is fair to ask where the next scandal comes from and whether auto finance can become a competitor.
AA noted that consumers are increasingly confident in the products offered.
It's easy to change.
One consequence of the market change is the oversupply of used cars.
They can usually buy very cheaply and finance very cheaply with the help of bank loans.
This can be very competitive, especially when compared to financing transactions.
Smart consumers need attention.