THE older you are, the more disposable income you have. So it goes without saying that the older you are, the more likely you are to buy a new car. Right?
Wrong, according to Motors.co.uk.
A survey carried out by the UK’s second-largest car search response network has revealed the older you are, the more likely you are to buy a used car.
A total of 79 per cent of people aged 55 and over were revealed as the most likely to buy a used car, while those aged 18-24 were revealed as the least likely (46 per cent).
Not surprisingly, the survey also revealed over-55s were the most comfortable with the buying process, with 67 per cent saying they were happy to discuss price point when buying a car.
Regardless of age, it appears many consumers find the buying process challenging with an increasing number of models and specification options causing confusion.
Motors.co.uk is aiming to break down the barriers between buyers and sellers by sharing top tips from those in the car trade in a series of videos and guides to help smooth the road to finding a car.
Andy Coulthurst, managing director of Motors.co.uk, said: ‘There’s now a vast range of vehicles and options on the market and, while choice is fantastic for the consumer, it can be a minefield for many.
‘As well as simplifying the buying process with the help of our Smart Search tool, we are working to encourage buyers to tap into the knowledge of motor retailers. We want to provide them with key information ahead of their showroom visit so dealers can use their time with them to really help them find the right car.
‘Our videos and guides are the perfect way for consumers to quickly gain confidence, increasing the likelihood they will find the right car to buy.’
To find out more visit www.motors.co.uk
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