How frequently are repayments due under this credit agreement?

Published by Statista Research Department, Jan 11, 2023
This statistic illustrates the share of UK adults that have taken out motor finance as of 2017, by the agreed frequency of repayment. It can be seen that 93 percent of motor finance loans taken had a repayment frequency at a monthly rate. Only one percent had a single repayment required.

Repayment frequency of adults with motor finance in the United Kingdom (UK) in 2017

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Source

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Release date

June 2018

Region

United Kingdom

Survey time period

2017

Number of respondents

617 respondents

Method of interview

Online survey

Supplementary notes

The original survey question was phrased "How frequently are repayments due under this credit agreement?"

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