Car finance ownership in the United Kingdom (UK) 2017, by income bracket

This statistic displays the share of adults in the United Kingdom (UK) that in October 2017 (or in the prior 12 months) owned motor financing plans, listed by household income. In 2017, nearly 40 percent of adults with a household income above 50 thousand British pounds had finance for a car purchase.

Share of adults with motor finance in the United Kingdom (UK) in 2017, by household income

Share of adults
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Source

Release date

October 2017

Region

United Kingdom

Survey time period

2017

Number of respondents

12,865 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

The source adds the following information defining motor finance types: "Hire purchase (HP) and personal contract purchases (PCPs) with the option to buy the vehicle, or loans to buy outright from a vehicle dealer, vehicle manufacturer or motor finance specialist".

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Statistics on "Personal debt in the United Kingdom"

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