-
Car finance confusion continues despite demand
- 13/09/2023
- Posted by: Alan Feldberg
- Category: News
New research has found that a large proportion of drivers are confused by car finance packages. According to JATO Dynamics findings, over four in 10 (43%) don’t understand the details of car finance, such as the impact of APR% on payments, despite the fact that almost half (48%) say that they are more likely to [...] -
Millennials set standard for cleaner cars
- 31/10/2022
- Posted by: Alan Feldberg
- Category: News
Millennial drivers are more image conscious when it comes to their cars than any other generation. New research from Volkswagen Financial Services UK has shown that people aged 25-34 are more than three times as likely (22%) to wash their car on a weekly basis compared to people aged 45 and over (6%). However, [...] -
New data reveals abandoned vehicle numbers
- 19/08/2022
- Posted by: Alan Feldberg
- Category: News
According to a recent Freedom of Information request to 50 councils across the UK, 21,106 cars were abandoned during 2021. The data was requested by Riverdale Leasing, and revealed the top models and locations where vehicles were deserted. Official Department for Environment, Food and Rural Affairs (DEFRA) [...] -
UK homes holding on to second cars
- 14/12/2021
- Posted by: Alan Feldberg
- Category: News
New research by Volkswagen Financial Services UK (VWFS) has found that only one in 10 families have given up their second car since March 2020, despite additional finance pressures during lockdown and a sharp decline in miles travelled. The study shows that Brits are too attached to part with their extra cars, [...] -
Reliance on cars increasing
- 25/10/2021
- Posted by: Alan Feldberg
- Category: News
Reliance on cars has reached a 15-year high despite commuting levels dropping to a new low. According to a survey of 2,652 UK motorists carried out by the RAC, 82% said they would struggle without access to a car, up from 79% last year and 74% in 2019. This is despite the same survey finding that the average [...] -
Subscription models reveal generation gap
- 04/10/2021
- Posted by: Alan Feldberg
- Category: News
New research has found that more than six in 10 millennials would rather access a car via subscription than owning it outright. New research by Volkswagen Financial Services UK (VWFS) has found that 61% of people aged 18 to 34 are interested in accessing a car via subscription, similar to services such as Netflix, [...]