Car finance ownership in the UK from 2017-2022, by household income

Published by
Fernando de Querol Cumbrera,
Jul 19, 2024

The number of adults in the highest income bracket with a motor finance product decreased sharply between 2017 and 2022. Adults with a household income of over 50,000 British pounds had the highest ownership rate of motor finance products. Meanwhile, only five percent of people with an income of under 15,000 British pound had some motor finance in 2022.

Share of adults with motor finance in the United Kingdom from 2017 to 2022, by household income

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Release date

March 2024

Region

United Kingdom

Survey time period

2017 to 2022

Number of respondents

19,145 respondents

Age group

18 years and older

Method of interview

Online survey

Supplementary notes

  • Number of respondents in the 2017 survey: 12,865
  • Number of respondents in the 2020 survey: 16,190 
  • Number of respondents in the 2022 survey: 19,145 

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