FinanceACar Launches 'Groupon for New Cars'

World’s first group buying site for cars is launched by Finance A Car

Online PR News – 27-March-2012 – London, U.K. 27 March, 2012 –, the world’s first dedicated group buying website for new cars, is launched today by Finance A Car providing exclusive, unbeatable and weekly deals with discounts of up to 40 percent.

The new website aims to encourage more consumers to buy new cars by saving them thousands of pounds through unbeatable low monthly repayments. Its unique approach will hit a sweet spot for the 80 percent of car buyers that purchase a new car based on a monthly payment such as PCP deals. aggregates the best of the UK’s new car deals and offers these (limited in time and number) to its members each week. Consumers purchase a refundable ‘CarRush Coupon’ (£99 to £199) to secure one of the site’s ‘Unbeatable Deals’ with discounts of up to 40 percent equating to much lower monthly payments than they would get elsewhere.

If car buyers are looking for vehicles that aren’t on offer on that week, they can sign up as a member and specifically request a super deal on the new car they want. Using ‘reverse group buying’, will then source the vehicles in bulk, at large discounts from its main dealer and manufacturer partners and offer them exclusively to members.

New independent research* to investigate consumer’s appetite for new car deals reveals that a discount of 10 percent off the list price almost doubles the number of consumers who would buy a new car in the next three months. The amount of people looking to buy a new car quadruples if the discount off the list price is 30 percent (*Source: Redshift Research, 1,000 motorists, March 2012).

Backed by, the UK’s leading car finance comparison website, is the brainchild of Mark Peatey and Nadim Saad.

All of the finance deals currently offered by are based on the same finance product, PCP (Personal Contract Purchase) that the majority of car buyers use to purchase a new car from a dealer. Buying with cash from a dealer does not get the type of discounts that can offer.

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