The cost of running a car is leading many people to ditch their current vehicle and look to purchase something that will help them to save money.
According to the first AA Personal Loans Car Purchase Index (CPI), 45 per cent of people cited running costs as a reason to buy a new car.
Following this, 42 per cent said they would buy a new motor because their current model is old and needs replacing.
These figures have changed from a similar survey in March this year, when 28 per cent of respondents said that fuel economy was the most important aspect of buying a vehicle.
Mark Huggins, chief executive officer of AA Personal Loans, said that "the current financial climate is making people reconsider their options when buying a car and looking for something cheaper to run is a good way for a family to economise".
At the end of last month, the AA reported that the cost of car insurance premiums in the UK is increasing.
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