Monday 18 December 2017

How 41pc plan on buying a car in next 12 months

Salesperson showing vehicle to potential customer in dealership
Salesperson showing vehicle to potential customer in dealership
Eddie Cunningham

Eddie Cunningham

More than two-in-five people (41pc) are 'likely' to buy a car - used or new - in the next 12 months, according to latest research.

Half of them are planning to use their savings to finance the purchase. That compares with just over a quarter who say they will take out a loan from their credit union.

The authors of the new survey have even worked out how much the intending buyers will spend on average. It comes to €11,394.

But, as you would expect, they intend to spend a lot more than that on a new car - €19,726 to be precise. The figure for their proposed used-car purchase is €7,645.

The survey highlights the factors that influence what a person buys.

It found the most influential element in their decision was the brand/make of the vehicle.

Predictably, this was closely followed by price (19pc). This strongly suggests that people put a car's name/reputation before anything else.

Of the factors which were deemed to be among the least important were emissions (5pc) and colour (4pc).

The survey was carried out for DoneDeal.

Indo Motoring

Promoted Links

Life Newsletter

Our digest of the week's juiciest lifestyle titbits.

Promoted Links

Also in Life