Affordability is the most important factor when looking to purchase a new or used vehicle, according to a recent survey for online car finance provider Car Finance 247.

Two-thirds (66%) of survey respondents said affordability is the most important factor when deciding on the purchase of their next car; 46% rated fuel efficiency as the second most important consideration and the next two critical factors were the size of the vehicle and the cost of the car insurance.

Female drivers, who in 2012 preferred using finance to purchasing a car, put the cost of the insurance in the top three.

Just over one-sixth (17%) of survey respondents said that they plan to buy a new or used vehicle within the next six months.

A survey for Car Finance 247 in April found approximately one in five people would buy a celebrity’s used car.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData