Share of adults with motor finance in the United Kingdom (UK) 2017-2020, by amount

Published by
Fernando de Querol Cumbrera,
Nov 17, 2022
Around 16 percent of adults who hold HP or PCP motor finance in the United Kingdom in 2020 borrowed 20,000 British pounds or more. In comparison, around eight percent of respondents with one of those types of car credits (hire purchase or personal contract purchase) in 2017 had borrowed over 20,000 British pounds.

Share of adults with motor finance in the United Kingdom (UK) from 2017 to 2020, by amount borrowed (in GBP)

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Source

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Release date

February 2021

Region

United Kingdom

Survey time period

2017 to 2020

Number of respondents

422 respondents

Special properties

Adults who hold a hire purchase (HP) and personal contract purchase (PCP) motor finance

Method of interview

Online survey

Supplementary notes

Number of respondents:

  • 422 respondents in 2020
  • 617 respondents in 2017.

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