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Motorists keep cars for an average of 1 year and two months after paying for repairs
Almost four million of the nation’s drivers have given their vehicle another chance having previously decided to sell it. Research published today reveals that 3.8 million drivers have changed their minds about swapping their current car and decided to keep it after spending money on repairs or maintenance. In total, one third of drivers - some 14.5 million motorists - have done this with either a previous car or their current vehicle.
The study for Kwik Fit, the UK’s largest automotive servicing and repair company, shows that the third of drivers who have changed their mind about selling their car did so after spending an average of £928 on repairs. Having paid for repairs, they then kept their car for an average of one year and two months beyond the point at which they had originally decided to replace it.
While the average amount spent on repairs was £928, one in ten drivers spent less than £250 and then kept their car for another year on average. Car owners in London and the South East are the most likely to have given their car a second chance, with 41% and 39% of drivers in these regions saying they have kept a vehicle after paying for repairs. This may be due to these drivers having paid the most in repairs, with average bills of £1,233 and £1,033 respectively leading to a change of heart and a reprieve for their car.
Drivers in Wales and the East of England are the least likely to have changed their mind, with only 23% of Welsh drivers and under a quarter (24%) of motorists in the East holding on to their vehicle after splashing out on repairs.
When asked why they had changed their minds, the most common reason given was that the repairs had made their car safe and reliable, stated by 29% of drivers. The next most frequently stated reason was that car owners wanted to get value for money from their investment in repairs (27% of drivers) followed by the fact that having work done on their current car would be cheaper than trading it in for a new one (25%). While most drivers made their decisions on financial reasons, one in six (16%) admitted that they just didn’t want the hassle of having to swap their car, while 15% said they could not find a replacement they liked as much as their existing one.
Table 1: Reasons given by drivers for deciding not to sell their car after spending money on repairs and maintenance.
Reason given
Proportion of drivers who kept their car
The work I had done made my car safe and reliable and so it made sense to keep it
29%
I wanted to get the value for money for the work I had just paid for
27%
I realised it was cheaper to get work done to my current car than trade it in for a new one
25%
My financial circumstances changed and I could not afford a new car
20%
I was so happy with the work carried out on my car it made me realise I did not need a new car
17%
I realised my current car was not worth as much as I thought so couldn’t afford a new one
16%
I didn’t want the hassle of having to swap my car
16%
I could not find a car I liked as much as the one I had
15%
Source: Kwik Fit, 2020
Roger Griggs, communications director for Kwik Fit, said: “This research shows that although there is undoubted appeal in getting a new car, when it comes to the crunch, many of us realise it makes financial sense to stick with the one we have got for a bit longer. We’ve seen that some drivers have spent less than £250 on repairs and kept their car for another year, which at £20 a month is great value for money. In an environment where everyone is looking to make all types of products last longer, it’s no surprise that many drivers are investing in maintenance and repairs of their existing vehicles.”
For the latest news and updates from Kwik Fit, customers can follow the company on Twitter at @kwik_fit.
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Note to editors
1Research carried out by Opinium amongst 2,003 UK adults in July 2020
About Kwik Fit
Established in 1971, the Kwik Fit Group is one of the largest independent automotive parts, repair and replacement specialists in the world. Kwik Fit has over 600 service centres across the UK and more than 200 mobile tyre fitting vehicles, making it the UK’s leading tyre, exhaust, brake and MoT specialist. Details of its range of products and services can be found at kwik-fit.com
Your tyre size can be found on the sidewall of your current tyre and is a sequence of numbers and letters. The most common tyre size in the UK is 205/55R16 but there are many variations so it’s important to check your existing tyre first before searching for tyres.
Tip: Take a photo of your existing tyre sidewall to make it easier to identify your tyre size using the guide below.
The first three digits. This displays the width of the tyre in millimetres. A tyre marked 225 will measure 225mm across the tread from sidewall to sidewall.
Aspect Ratio
The fourth and fifth digits of the tyre code that immediately follow the tyre width. The aspect ratio or profile height of the tyre sidewall is expressed as a percentage of the tyre width. So an aspect ratio of 55 for example means that the profile height of the tyre is 55% of its width.
Rim Diameter
The next two digits represent the size of the wheel rim that the tyre can be fitted to. It is also the diameter of the tyre from bead to bead. So a tyre marked 16 will fit on a 16-inch wheel rim.
Speed Rating
The speed rating of a tyre is represented by a letter of the alphabet at the end of the tyre size code and indicates the maximum speed capability of the tyre. Tyres receive a speed rating based on a series of tests which measure the tyres capability to handle a set speed for a prolonged period of time.
Select your tyre speed rating to find out the maximum speed your tyres can maintain.
If you are unsure what speed rating you need, be sure to check your vehicle handbook. Choosing a lower speed rating than that recommended by your vehicle manufacturer could potentially invalidate your insurance.
Load Rating
The load index provides information on the maximum weight capability for the tyre. The load index is a numerical code that can be located just after the tyre size marking and before the speed rating.
Select your load index to find out the maximum load capability for your tyres.
Although not illegal, it is not advisable to have tyres with a lower speed rating or load index than the manufacturer recommended tyre specification for your vehicle, or to have a combination of different tyre construction types. Consult your vehicle handbook to confirm your vehicle’s tyre speed rating and load index as well as any additional requirements.
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