Online broker Carfinance247 has found that men spend on average almost £1000 more than their female counterparts when buying a used car.
On average, women spend £6,995 on a used vehicle, compared to an average £7,897 spent by men.
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Despite spending 12% more than women on used cars, men actually tended to put down smaller deposits. The average deposit from a man was £620, which compared to an average deposit of £653 from women.
Women aged between 20 and 29 had the highest deposit to overall spend ratio of all demographics recorded. They put down an average deposit of £805, but spent the least overall (£6,677).
In comparison, men in this age bracket used an average deposit of £510 on an average spend of £7,415.
Among the reasons given for reducing their deposit to loan ratios and spending less overall on a used vehicle, women mentioned a desire to keep their overall level of debt to a minimum and also cited wanting to divide their spending across other areas including clothing, shoes, holidays and nights out.
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By GlobalDataThe broker also revealed that number of women taking out car finance on its site grew 71% year-on-year in 2015.
