The latest research shows that people often make a new purchase solely because they want to drive something different.
A survey of over a thousand people was conducted by Experian seeking to find out the reasons behind new car purchases and what leads drivers to make their choices. It found that 45% of people would buy a new car just because they wanted to drive something new or different.
The findings suggest that although we have been facing a slowdown in people’s spending power and an increase in living costs, the driving public are still willing to treat themselves when it comes to a new motor.
However, the survey also found that 43% of respondents felt the most important reason for buying a new car was to replace one which would be uneconomical to repair and keep on the road. Although many are making compulsive purchases, there are still a significant group who are getting the most out of their car before moving on to a new one.
Around a third of people said that reducing their running costs was a significant driver in their choices. Technology surrounding fuel efficiency and the reduced rates of road tax for modern vehicles has made running an old motor more expensive, relatively.
Click here to sign up for our monthly newsletter
| Popular news stories |
||||||
 |
 |
 |
 |
|||
