Home Automotive New drivers more likely to spend common £4,000 on first automobile

New drivers more likely to spend common £4,000 on first automobile

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New drivers more likely to spend common £4,000 on first automobile

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Younger individuals about to take a seat their driving exams are getting ready to spend a median £4,124 on their first automobile, which suggests most franchised dealerships are lacking out on this chance resulting from their stocking insurance policies.

Pre-17 driving specialists at Younger Driver surveyed 500 of its prospects who will quickly flip 17, to seek out out what their plans are after they move their driving check. The driving faculty specialises in instructing 10-17 12 months olds how one can drive, with the intention of making a safer subsequent era of drivers.

Nearly two thirds of the respondents (64%) stated the brand new driver would have their very own automobile after they handed their check – with 8% already having one lined up. One in three (29%) stated the brand new driver would solely have use of their mother or father’s automobile to start with. Solely 3% would haven’t any entry to a automobile. 

Of the brand new drivers who might be getting a automobile, the Younger Driver analysis revealed that:

  • 98% will get a used automobile
  • 84% will get a petroleum, 12% diesel and 4% electrical
  • 92% will get a handbook

When requested how a lot they have been more likely to spend on a brand new automobile, solely 4% stated they deliberate on forking out greater than £10,000. Seven per cent have been automobiles beneath £1,000, with the typical quantity, from all of the responses, being £4,124.

In 60% of circumstances the automobile can be purchased by a mother or father or different member of the family, and for 40% it could be the driving force themselves. 

A automobile dealership was the most well-liked method of securing a brand new automobile, with 36% saying that’s how they’d buy a automobile, intently adopted by 35% wanting on-line. One in 10 (11%) plan to get a automobile from buddies or household.

Sue Waterfield, head of promoting at Younger Driver, stated: “It’s fascinating to see such a excessive share of kids could have entry to their very own automobile after they move their check. Driving permits younger individuals much more independence and alternatives in the case of employment and training, particularly in rural areas the place public transport may be missing.

“Our intention as an organisation is to ensure new drivers are as properly outfitted to drive on their very own as they are often. We all know the accident fee is considerably greater for brand new drivers.”

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