|
How clean is your car?
Read more...
|
|
|
 |
|
 |
| |
17Yr Old Car Owners
17yr old car owners, a dying breed. 08/10/2005 • Tradition of passing driving test at 17 is becoming a thing of the past• Theory test and university attendance mean many people are putting off driving lessons until their early 20s • First time drivers are more likely to buy a brand new first car today than 30 years ago The tradition of learning to drive and getting a first car at the age of 17 is dying out, according to a new report from leading motor insurer, MORE TH>N. Instead, more first time drivers are waiting until they are at least 21 years old to get on the ‘motoring ladder’, but nearly one in ten (8%) of these are likely to buy a brand new first car, compared to just one in a hundred (1%) of their counterparts 30 years ago. The ‘MORE TH>N Motor Ladder’ report1 reveals that young people are putting off learning to drive until later – impacted by the introduction of driving theory tests and an increase in university attendance. However, once they have passed their test, more than a third (37%) of these young motorists surveyed (aged under 25) buy a new, or nearly new, car, compared to just 19% of their parents’ generation (today’s 45-54 year olds).
|
|
 |
|
 |
|
 |
|
 |
| |
Commenting on the changing trends amongst first time drivers, David Pitt, head of insurance at MORE TH>N, says: “We’ve seen that first time drivers are getting older, and that they are more likely to buy newer cars once they get on the ladder. Cars are not only more affordable these days, but first time car buyers seem to be more image conscious and want the latest makes and models compared to a decade or so ago, when first time cars were often ‘old bangers’. “Our suggestion to any new driver is to build up as many years without making a claim as possible as this can help to reduce premium costs. Experience helps to achieve discounts of up to 65% on your policy in just four years of driving, so a £1,000 premium would reduce to £3502. “ Over the last 10 years3 it has been the under-30s who have accelerated their spending on motor vehicles: up 161%, compared to a national average of 110%. This age group spent £1,426 on cars in 2003/2004 (equal to 5% of total spending in this age group), compared to just £547 a decade before (equal to 3% of total spending in this age group) MORE TH>N’s survey revealed. |
|
 |
|
 |
|
|
Belt up
Read more...
|