Halifax Unsecured Personal Loans reveals 'true cost' of cars
www.moneynews.co.uk > General finance > Halifax Unsecured Personal Loans reveals 'true cost' of cars
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Halifax Unsecured Personal Loans reveals 'true cost' of cars
Tue 22nd Aug 2006
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This compares to just £22.6 billion in 1995, an increase of some £13.8 billion over ten years, Halifax says.
Indeed spending on motor vehicles has increased by 61 per cent over the last decade, despite the fact that car prices have actually fallen by 6 per cent over this time.
However Halifax found that the number of vehicles licensed in the UK has risen by 22 per cent, from 25 million to 30.6 million, over the last ten years, with the average household now owning 1.25 cars compared to 1.09 in 1995.
Last year almost one in ten private motorists bought a new car and one in four bought a used vehicle. This equates to over 2.4 million new registrations with more than 7.5 million previously owned cars exchanging hands.
Related News : General finance |
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Related News : Halifax |
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