More Drivers Refrain From Switching To New Cars
It has been reported that more drivers have no plans of switching for a new car. Two-thirds of the drivers questioned say they rather stay with their old cars and just spend on maintaining them. This is way contrasting to drivers saying that they desire to change for a new one based on last year’s survey. Reports also say that many drivers have second thoughts in obtaining a car loan. This practical individuals told reports that they rather save to buy anew one than to borrow cash. These are just signs that there is still economic instability in the country. People are trying to make ways to save money.
Excerpts:
“The latest AA Car Purchase Index reveals bad news for the car industry as two thirds of drivers have no plans to change their car in the next 24 months, whereas a year ago almost half of the drivers questioned hoped to change their vehicle in the near future.”
“It appears that consumers are struggling with difficult personal finances at the moment, which is forcing them to cut back on major purchases as much as possible.”
Original article can be found at:
http://www.moneyhighstreet.com/personal-finance-news/drivers-cutting-back-buying-new-cars/
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