Britain’s cost of living crisis continues to bite as more than half of drivers are hanging on to their cars for longer
DRIVERS with older cars are holding on to them for longer due to the cost-of-living crisis.
Britons are reluctant to buy a new car because they are worried about the current financial situation.Credit: Ian WhittakerResearch by Motorpoint has shown that 57% of car owners with vehicles more than 10 years old are going to keep their cars for longerSome 10% of the car drivers surveyed revealed that some repair bills have run into £1,000shas shown that 57% of car owners with vehicles more than 10 years old are going to keep their cars for longer.
But, having an old car can also be pricey - 10% of the car drivers surveyed revealed that some repair bills have run into £1,000s.Nearly half of the have had to spend money on repairing their car and the majority of them said it has caused them stress.
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