Secured Loans Provide A Source For Driving Holidays - Finance

New research from, insurance provider, the AA has suggests that recent rises in the costs of petrol and diesel, could cost UK car owners an additional 110 million, in travel costs over the holiday period, including over Bank holidays.

The group reports that with the average journey taken this weekend estimated at 304 miles, those making a trip in a diesel vehicle can expect to see a cost rise of around 29 per cent, when compared with prices prevalent at the same time last year. For unleaded vehicle drivers meanwhile, an average increase in fuel costs of 17 per cent is to be expected, the AA warns. Despite the inflation in the price of both petrol and diesel, more than 18 million motorists are expected to take to the roads over the bank holiday weekend. This will amount to a 33 per cent increase in traffic throughout various areas of the country.

For those who feel they need a break but are having difficulty meeting the ballooning costs of travel, taking out a personal loan, may provide the financial respite necessary for them to be able to enjoy their holiday.

Andy Taylor, AA patrolperson of the year 2008, has advised customers on ways to avoid the possibility of a breakdown over the weekend. In suggestion, he said: "With most people travelling an average of 304 miles over the bank holiday weekend, make sure you prepare well before you leave."

He added: "Remember to check your vehicle's coolant and oil levels, battery, tyre tread and pressures. To cut down on the cost of your journey you can find eco-driving tips on our website. If you do find yourself stranded on the hard shoulder this weekend, with more patrols on the road than any other breakdown service, we're geared up and ready to help."

For those who have problems with vehicle failures in the past and are looking to make a new purchase, taking out a secured loan may provide the financial security to allow people to choose a car that is safe and reliable. Indeed, for the growing number of people identified in an Experian study last year, a secured loan may be of assistance in purchasing a super mini, which was identified as the most popular type of used car.

Ruth is an author of several articles pertaining to Secured Loans. She is known for her expertise on the subject and on other Business and Finance related articles.