Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Motorists 'believe bigger is better'

Tue, 10 Mar 2009
When buying a car, motorists are reluctant to downsize, new research has suggested.

A study by Experian found 67 per cent of drivers listed running costs as a key consideration when making a purchase.

However, when asked if they would contemplate a vehicle with a smaller engine, this figure fell to 18 per cent.

Meanwhile, the number of people prepared to opt for a more diminutive model altogether was even lower - at 16 per cent.

Women were found to be less open to the idea of downsizing than men and younger people were more unwilling to trade in their current motor for something smaller than older motorists.

Kirk Fletcher from Experian summed up: "Even when living through a downturn, there is still a reluctance to downgrade."

However, people who are prepared to swap a larger model for something less powerful may find they make savings on car insurance as well as at the pump.

Are you buying or selling a car? Click here to find out what Honest John has to say.


Add a comment


Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17


48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH