Perhaps contrary to popular opinion, it’s not top speed, wide wheels, a powerful sound system or what your friends think that determines the car students choose to own, but more pragmatic factors such as reliability, safety and price. These were found to be the top priorities amongst young drivers in a new survey aimed at discovering their attitudes towards car ownership, and conducted on behalf of Peugeot.
- New survey amongst student drivers indicates a high level of responsibility towards buying and running their first car
- 23% stated they had a wider choice of college or university by having a car for transport
93% of respondents cited reliability as being important or very important, followed by safety (88%) and price (81%), with insurance group/cost in 4th place, and fuel economy in 5th with 76%. Acceleration (62%), style (54%) and colour (53%) came next, ahead of image with friends/fellow students at 10th with 46%, and ahead of top speed with 44%.
Taking responsibility for purchase
The average value of student owned cars at the time of purchase was £3,000, with nearly half of students (44%) saving the money themselves. 18% had borrowed the money from their parents, 5% were using their Student loan, while a fortunate 17% had been given some or all of the money, and 13% had been given their car as a present.