Lutterworth Car Finance
Used Car Finance in Lutterworth, Leicestershire
GB Car Finance specialises in used car finance in and around Lutterworth. We will work hard to help you obtain an approval decision, based on affordability, in minutes and drive away your new used car within 24 hours!
Car Finance Based On Affordability
If you need a loan to buy a used car then you have come to the right place - We could help to find car finance for you regardless of your current financial circumstances. We regularly help people with bad credit, even if they have been refused elsewhere. Simply complete the form opposite to apply.
Car Finance Lutterworth
We are available to help people access car finance 247, 365 days a year - Whether you need an affordable family saloon, an economical hatchback, a large car or a people carrier we will work hard to help you find the right car for you. Apply online day or night, or speak with one of our friendly operators who will help guide you through the car finance application process and answer any questions you have.
“I was happy with the deal I got for my new car as I've struggled in the past to get the finance from any other company as I've had bad credit. They were very helpful on the phone and helped me choose my car - I was more than happy and would recommend GB Car Finance to anyone…”
All circumstances considered - CCJs, defaults, arrears, self employed, benefits, limited or no credit history, refused car finance elsewhere - Whatever your circumstances we'll look to help.
Used Car Finance in Leicestershire
As well as Lutterworth, GB Car Finance is pleased to assist people searching for car finance in Ashby-de-la-Zouch, Coalville, Hinckley, Leicester, Loughborough, Market Harborough, Melton Mowbray, Oakham, Shepshed, Skeffington, Syston, Whetstone and Wigston in Leicestershire.
More information about Lutterworth
Lutterworth in the United Kingdom is a small market town in Leicestershire, which has unofficially become known as the 'Capital of Cars, Finance and Motorsport' due to its strong automotive, financial and motorsport connections.
The town is surrounded by several car manufacturing plants, culminating in a thriving and diversified economy. The town is also a hub of finance, boasting several banking and financial service businesses — many of which are world-leading organisations.
Finally, Lutterworth is widely seen as the centre of British motorsport, with a number of cars and motorcycles being manufactured, raced and tested in the wider area.
History
Lutterworth was first settled in the 12th century and was granted a royal charter in 1278. The town remained a small and rural settlement until the arrival of the railway in the late 19th century. Around this time, the car industry began to boom in the area and the now-famous annual car show started.
The growth of the car industry brought increased economic prosperity to Lutterworth and its surrounding area. By the mid-20th century, the town had become a hub for the car industry in the United Kingdom and Europe.
Car Industry
The automotive industry provides the town with a substantial proportion of its jobs and economic prosperity. Several companies manufacture cars in the area, including Aston Martin, Subaru and BMW. The BMW Group alone employs over 3,300 people at its Lutterworth plant, making it one of the largest employers in the region.
The town has become known as the centre of excellence for the design, engineering and manufacture of cars, with the majority of cars produced in the UK destined for export markets.
Lutterworth has also become a hub for motorsport, with the circuit located a few miles away in Silverstone. This has led to a number of specialist car-related businesses setting up in the area which regularly supply products to race and rally teams all over the world.
The annual car show has become a fixture in the calendar, drawing thousands of visitors each year. As well as manufacturers and racers, the show attracts car enthusiasts from all over the world.
Finance Industry
In addition to its car industry, Lutterworth boasts a thriving financial sector. The town is home to banking and financial institutions ranging from multinationals such as HSBC to local independent banking and financial consultancies.
The town's focus on finance, combined with its close proximity to major cities such as London and Birmingham, has led to it becoming a hub of financial activity in the East Midlands region.
Motor Sport
The car industry and financial sector of Lutterworth are both closely linked with its motorsport industry. The town is surrounded by several race and rally venues, including the internationally famous Silverstone Circuit, just outside of the town.
The circuit hosts its own annual events, including the British Grand Prix, as well as major international events, such as the World Rally Championship. It is also the home of some of the most successful motorsport teams in the UK, including Mercedes AMG Petronas, Mclaren and Red Bull Racing.
The circuit is a major contributor to the town's economy, with a large proportion of its workers having strong ties to the racing industry.
Demographics
Lutterworth has a population of around 9,300, growing from 8,300 in 2002. The population composition is 99% White and the largest areas of origin are England (95%) and the Isle of Man (5%).
The employment rate in Lutterworth is slightly below the national average (74% compared to the national average of 76%), however this is bolstered by the strong car industry and financial sector which provides employment for thousands of people in the town. The average wage in Lutterworth is slightly lower than the national average with median income of £20,701 (UK median wage of £22,000).
Conclusion
Lutterworth is often referred to as 'The Capital of Cars, Finance and Motorsport' due to its ties to the car industry, financial sector and motorsport. The town has a long-standing reputation for engineering excellence, making it a hub of production for cars, along with expert financial services. Its close proximity to the Silverstone Circuit has also made it a major centre for motorsport in the UK. Together, Lutterworth's strong automotive, financial and motorsport connections have contributed to a thriving economy and steady population growth.