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Escape the motor costs, Brits move to second car
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Written by Matthew   
Saturday, 08 August 2009
Escape the motor costs, Brits move to second car

Due to the increasing of the price of the petrol over years are forcing people who are driving the car to change their habit in order to save the money.

Regarding to the figures from esure, more and more consumers are toying with the idea of selling their vehicles, in order to reduce the cost of the transportation.

Referring to the research conducted by the car insurance company had shown that nearly 50% of the motorists in the UK are currently willing to give up the second car in their household and willing to have only one car. By having one car, you will be able to reduce the expenses on the petrol, decrease the car tax as well as can cut down the insurance for the car. As a result of get rid of second vehicles, consumer may find that they might be able to go for other areas of their financial commitment such as bill repayments, mortgages, and personal loans.

Although, there are numbers of people who are considering the second car, the research had highlight that Britons are as well amplify searching to keep hold of their present car for longer.

Since there is an inflation in today economics, 71% of that group of people will still keep their way of owning the brand new car. The debt consolidation is the resolution that most of people will think about when they have to struggle with their financial in order to get their financial back on track.

As well as being narrow by inhibitive financial commitments, many people on the research group to the esure study as well said that the increasing of the second hand care price is also make them don’t interested in purchasing them, instead of the brand new car. Some 58 per cent of drivers said that they had decided alongside buying a new car for fearing that they would be offered the money for their existing model would not be enough to make an upgrade for their vehicles.

Mentioning on the searching of this study, Mike Pickard, head of insurance and underwriting at esures car insurance division, have mentioned :

“Due to the increase of the fuel price, the credit crunch and the vehicle cost are all increased, this is not surprised when the owner of the car in UK willing to reduce the number of the car of their own, the truth that the vehicle owner are also try to keep their car as long as possible. This is to conclude that the UK driver are become conscious of having their car cost down.

The ability to afford the car cover is quite different from those in women than men. Referring to the up dated research published by the AA, it showed that there is a gap between the sexes concerning the car insurance. For the men and women at the same age, the men are highly expected to pay double for their car insurance premium for their car.
Last Updated ( Saturday, 08 August 2009 )