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Drivers don’t see owning a car as a necessity

Drivers don’t see owning a car as a necessity


Recent poll shows that many people don’t think they need to own a car

A new survey has found that many drivers believe that owning a car outright isn’t a necessity, and would prefer to pay for it on a short-term basis.

The poll of 2,000 UK adults found that 40 per cent of people thought that other ownership solutions made more sense.

Alternative ways of purchasing a car, such as hire purchase or personal contract purchases, allow drivers to get behind the wheel by placing small deposits and paying small monthly payments, before returning the car to the manufacturer or dealer after a set amount of time.

It means that drivers can driver newer cars without having to foot the bill for buying a brand-new vehicle outright.

The study was commissioned by Turo UK, a company which allows car owners to rent out their vehicles. In the study, it was found that 17 per cent of those surveyed would be happy to rent their car to others.

Xavier Collins, director of Turo UK, said: “From the homes we stay in, to the cars we drive, the sharing economy is dominating more and more corners of our lives.

“Brits are feeling empowered to own less, and those who do own assets are becoming more entrepreneurial with them, accelerating the UK’s sharing culture.”