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Drivers seek cheap car finance

Ownership costs remain a major concern among drivers in the UK, who continue to prioritise issues such as car insurance and fuel consumption.

Ownership costs remain a major concern among drivers in the UK, who continue to prioritise issues such as car insurance and fuel consumption.

A recent report from JD Power and Associates, conducted in conjunction with What Car? magazine, suggests that 19 per cent of all drivers are focused on ownership costs.

Cheap car insurance is clearly a big issue for those purchasing a new or used car and buyers are unlikely to make a decision before investigating these facts.

The study was based on research into 18,000 car owners in the UK and their cars were typically around two years old. Some 33 brands and 113 models were investigated and assessed on the basis of four criteria.

Interestingly, 30 per cent of respondents said they were most concerned about reliability and quality. A further 28 per cent said they were more interested in vehicle performance, design, comfort and features.

Dealer service satisfaction was an issue for 22 per cent of respondents, but it is clear that car finance is one of the major factors that buyers consider.

Whether taking out a secured car loan or investigating bad credit car finance, UK drivers remain encouragingly careful with their money.

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