Posted by Aston Avery

Cost of living puts spending on car maintenance into reverse

Due to the rising cost of living, we’re all trying to be a bit smarter with our money, but are we being too smart for our own good?

New research from Nationwide Building Society has revealed that in a bid to curb spending, around half (49%*) of those surveyed have admitted to putting off repairs to their vehicles due to current pressure on household finances, which could well lead to even costlier repairs down the road.

The poll of 2,152 vehicle owners reveals more than a third (39%) are very or somewhat worried their car will breakdown due to neglect while nearly six in ten (56%) are very or somewhat worried how they would afford any repairs if their vehicle had a breakdown.

Aston spoke to James Broome, head of current accounts at Nationwide Building Society.

Photo by Olav Tvedt on Unsplash

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