Over-55s most likely to buy used cars, research finds

Motorists aged over 55 are the most likely to buy a used car, new research has uncovered.

According to Motors.co.uk, 79 per cent of motorists in the UK aged 55 and over said they would buy a used car. Meanwhile, at the other end of the age spectrum, of those aged between 18 and 24, less than half (46 per cent) said they would purchase a used car.

When it comes to buying and driving cars, ages plays a big role, with different demographics having a very different mentality when it comes to their cars. This is reflected in insurance policies, not just commercially but also for businesses that sell and repair cars, as car dealerships and garages have to obtain their own road risks insurance policy to enable staff to get behind the wheel of various vehicles – the price of this business insurance will be determined, in part, by the age of the drivers named on the policy.

Regardless of age, the research from Motors.co.uk found that many consumers find the car buying process challenging with an increasing number of models and specification options causing confusion. Andy Coulthurst, managing director of Motors.co.uk, explained: "There’s now a vast range of vehicles and options on the market and, while choice is fantastic for the consumer, it can be a minefield for many."

To help combat this problem, car dealers should be constantly evaluating the ways, both online and in person, they can help navigate potential car buyers through to a vehicle that is best suited to their wants and needs.