More than 90% of South Africans say they are keeping their vehicles for longer due to the current economy, with just over 40% saying they are keeping their cars for between five and 10 years.
“The purpose of the research was to determine if current economic factors are playing a role in vehicle ownership. The findings confirm anecdotal evidence that cars are being kept for longer. Just under 35% of people say they are keeping their vehicles for longer than 10 years, which is a long life span for a vehicle,” says the AA.
“These results point to the increased need for better maintenance of vehicles, and for proper insurance. While our results indicate that more than 60% of the respondents have insurance, national data points to a much lower rate of 35% insurance. If this is indeed the case, there is a cause for concern, as insurance is part of a good maintenance plan for any car,” notes the AA.
Well cars cost so much, one now has a lease for half your working life🥺😃
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