Nearly a third of adults chose their motor finance product instead of another provider in the United Kingdom in 2022 because they offered a low interest rate. Meanwhile, over a quarter of adults chose their current motor finance provider because they had already been their customer. The reputation of the provider was also considered as an important reason for many adults.
Share of adults who chose their motor finance product for selected reasons in the United Kingdom in 2022
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Financial Conduct Authority. (March 20, 2024). Share of adults who chose their motor finance product for selected reasons in the United Kingdom in 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/857985/reasons-for-taking-out-motor-finance-united-kingdom-uk/
Financial Conduct Authority. "Share of adults who chose their motor finance product for selected reasons in the United Kingdom in 2022." Chart. March 20, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/857985/reasons-for-taking-out-motor-finance-united-kingdom-uk/
Financial Conduct Authority. (2024). Share of adults who chose their motor finance product for selected reasons in the United Kingdom in 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/857985/reasons-for-taking-out-motor-finance-united-kingdom-uk/
Financial Conduct Authority. "Share of Adults Who Chose Their Motor Finance Product for Selected Reasons in The United Kingdom in 2022." Statista, Statista Inc., 20 Mar 2024, https://www.statista.com/statistics/857985/reasons-for-taking-out-motor-finance-united-kingdom-uk/
Financial Conduct Authority, Share of adults who chose their motor finance product for selected reasons in the United Kingdom in 2022 Statista, https://www.statista.com/statistics/857985/reasons-for-taking-out-motor-finance-united-kingdom-uk/ (last visited December 21, 2024)
Share of adults who chose their motor finance product for selected reasons in the United Kingdom in 2022 [Graph], Financial Conduct Authority, March 20, 2024. [Online]. Available: https://www.statista.com/statistics/857985/reasons-for-taking-out-motor-finance-united-kingdom-uk/
