Finances represent a top consideration for car buyers.<\/p>\n
There are many different factors to bear in mind when purchasing a new car, including looks and practicality. But while cost is something that has always been a top consideration, buyers are perhaps now placing more emphasis on this side of things than they have done in the past.<\/p>\n
The recession will still be in the minds of consumers, while the UK is not out of the woods just yet as far as economic uncertainty is concerned. Motorists are therefore not only just thinking about the initial price of a motor when making a purchase, but also how much the car is likely to cost them to run.<\/p>\n
New research from Sainsbury's Bank certainly appears to back this up – with many people choosing to change their vehicle in an effort to bring down motoring costs. Indeed, the car buying index revealed almost 20 per cent of survey respondents are buying a new motor for this reason.<\/p>\n
It was shown that 18 per cent of British adults are considering buying a car in the period between September 2013 and February 2014 – representing a 28 per cent climb on the six months that went before – and 19 per cent of these are switching to a vehicle with a smaller engine size in order to drive down their fuel costs.<\/p>\n
The report also found 12 per cent of those intending to buy a new car have their sights set on a diesel model, with switching from a petrol vehicle set to bring them significant savings with regard to fuel and road tax.<\/p>\n
Steven Baillie, head of loans at Sainsbury's Bank, noted: "Our car buying index provides a barometer of consumers' intention to buy and the research suggests people are really thinking about the right vehicle option for their family finances."<\/p>\n
He added anyone looking to buy a car should consider the various payment options available to them before putting pen to paper on a deal.<\/p>\n
By Perry Murray<\/p>\n","protected":false},"excerpt":{"rendered":"
Finances represent a top consideration for car buyers. There are many different factors to bear in mind when purchasing a new car, including looks and practicality. But while cost is something that has always been a top consideration, buyers are perhaps now placing more emphasis on this side of things than they have done in […]<\/p>\n","protected":false},"author":2,"featured_media":5649,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[531],"tags":[],"class_list":["post-2021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-expert-tips"],"acf":[],"yoast_head":"\n