Share of adults with car financing in the UK 2017-2020, by amount

Published by Statista Research Department, Nov 17, 2022
This statistic illustrates the repayment success rates of UK adults that have taken out a hire purchase (HP) or a personal contract purchase (PCP) motor instrument from 2017 to 2020. It can be seen that 88 percent of respondents had made their last repayment in full in 2020. Only two percent of respondents had not made any repayments.

Share of adults with car finance making successful repayments in the United Kingdom (UK) from 2017 to 2020

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Source

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Release date

February 2021

Region

United Kingdom

Survey time period

2017 to 2020

Number of respondents

422 respondents

Special properties

Adults who held a hire purchase (HP) and personal contract purchase (PCP) motor finance in the past year

Method of interview

Online survey

Supplementary notes

The original survey question was phrased "The last time a repayment was due, did you make the repayment in full?"

Number of respondents:

  • 422 respondents in 2020
  • 617 respondents in 2017.

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