A car repair bill of £772 is the ‘breaking point’ for drivers, causing many to consider replacing their vehicle instead of paying for repairs, according to a new report by online marketplace CarGurus.
The survey, which polled 1,000 UK drivers without warranties on their cars, revealed that a combination of repair costs, delays and reliability issues are driving motorists to part ways with their older vehicles.
The report highlights that drivers are willing to spend up to £772 on unplanned repairs over the next year, with fewer than three major faults before reaching their “breaking point.”
Additionally, a wait of more than 10 days for repairs is enough for many to start searching for a replacement.
When they do make that decision, they are willing to spend an average of £14,320 on a new car -1,752% more than the cost of the repair bill that pushed them over the edge.
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