What I find quite amazing is that in Britain something close to 90%[1] of cars bought are on finance. Looking around me I think that the average age of cars is

What I find quite amazing is that in Britain something close to 90%[1] of cars bought are on finance. Looking around me I think that the average age of cars is well under 10 years, and many cars are super expensive compared to the median salary of the country. I really don't think that most people budget with worst-case scenarios in mind, so that even middle to high income households can be hit hard by a lack of disposable income. [1] https://www.reuters.com/article/uk-britain-economy-autos-finance-idUKKBN1882AX https://www.reuters.com/article/uk-britain-economy-autos-fin...