Nearly three-quarters (74%) of car owners over 55 bought their car outright without using finance, compared to half (54%) of 34 – 54 years and a third (33%) of under 34s, according to a survey of over 2,000 UK drivers. On average, three-fifths (62%) of cars were bought outright via cash or debit card, 8% using personal contract purchase (PCP), 7% were bought on hire purchase, 5% loan from a bank, … [Read more...]