CARFINANCE 247 CELEBRATES 12th BIRTHDAY AND INCREASE IN REVENUE WITH LAUNCH OF CHARITABLE FUND
New research by car finance broker, CarFinance 247, found that despite the new, increased speeding penalties that came into force more than six months ago (24 April 2017), UK drivers are still willing to break the law to satisfy the love of their need for speed.
Drivers admitted to knowingly breaking the speed limit at least three times per car journey, dramatically increasing the likelihood of causing a potentially avoidable road accident every time they set off. In fact, almost 7 in 10 drivers (69%) stated they have had at least one speeding-related road accident since passing their driving test. For those caught out, speed-related offences have cost drivers an average of £307 each over the past 12 months.
And it seems that traffic signs aren’t helping – the research, which included a mock theory test, showed that a significant number of drivers were still confused about The Highway Code, particularly with speed-related traffic signs.
The mock theory test results:
The sign means: End of 20mph zone and start of 30mph speed limit.
The sign means: National speed limit applies.
The sign means: Minimum speed limit of 30mph ends.
This sign means: Minimum speed limit of 30mph permitted.
On reflection, most people (66%) agreed that drivers are more reckless on the road now than they were 10 years ago, and more than half (56%) were positive about self-driving cars being better than human drivers at identifying and reducing potentially fatal road accidents.
When asked about behaviour on the road, drivers stated that if circumstances dictated, the following would be legitimate reasons for speeding:
2% said they would break speeding laws in order to get to a store before it closes, and another 2% said they wouldn’t want to miss a TV show. Others stated that legitimate reasons include “being on an empty road when it is perfectly safe”, attending to a “burglar alarm at home going off” and even “to escape the police”.
“Despite good intentions from the government in increasing speeding penalties, it seems the prospect of a fine isn’t a strong enough deterrent for drivers. In fact, many seem to be justifying the fine as ‘payment’, giving drivers a pass to speed and break the law.
This, coupled with the fact that a significant number of drivers are unable to identify basic speed-related traffic signs, is contributing to a more potentially unsafe driving environment.
From the moment they begin driving, and as part of Road Safety Week (20-26 November 2017) this week, we urge drivers to refresh their knowledge of common traffic signs and ‘speed down’ - obeying the rules of the road keeps us all safer in the long run”.
These customers are real CarFinance 247 customers. They were invited to become a celebrity for a day, taking part in photoshoots and telling us all about their CarFinance 247 experience, and they were paid for doing so.
Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.
Rates may differ as they are dependent on individual circumstances. Subject to status.