Car buyers plan to use savings for purchase as 40% claim they want new set of wheels in next 12 months

More than 40% of Irish adults are likely to buy a car in the next 12 months and half of buyers plan to use their savings to fund the purchase, a survey claims.

The poll of 1,000 people also finds that the average intended spend on a car is €11,394 — those buying a new car will pay an average of €19,726, while the average anticipated spend on a used car is €7,645.

The research, conducted by Coyne Research on behalf of DoneDeal, found that, overall, 41% of Irish adults are “likely” to buy a car in the next 12 months.