Young drivers delay repairs at rising cost

Manx Financial Group

Across the UK, more young motorists are choosing to delay essential car repairs, a decision that may appear practical in the short term but often proves costly over time. As living costs squeeze household budgets, skipping a service or ignoring a warning light has become a common trade-off.

Around 1.3 million British drivers are estimated to be behind on vehicle servicing. Among those in their twenties and early thirties, more than a third admit to skipping a service altogether, compared with about one in seven drivers aged over sixty-five. 

Preventative work such as tyre replacement or brake servicing can quickly run into hundreds of pounds, and deferring it can feel like a necessary compromise. This is where flexible payment solutions such as Payment Assist are beginning to play a pivotal role. By allowing drivers to spread repair costs over manageable, interest-free instalments, garages are retaining customers who might otherwise postpone essential work.

Losing access to a car for even a day can mean missed shifts, disrupted studies, or rearranged childcare. A growing number of younger motorists cite this as a reason for delay.

Payment Assist’s approach addresses both the affordability and behavioural sides of the issue. By embedding finance directly into the repair process, it removes the financial hesitation that leads to delay, allowing drivers to authorise repairs immediately and pay later without added cost.

Manx Financial Group Plc (AIM:MFX) which has subsidiaries offering a suite of financial services to retail and commercial customers, both in the Isle of Man and the UK. MFG’s strategy is to combine organic growth with strategic acquisition to further augment the range of services it offers and to gain greater market share in its preferred markets.

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