We know that buying a new car is not necessarily very easy. And it is not for nothing that the price of the latter has increased dramatically in recent months for several very different reasons. Starting with the increase in the price of raw materials, which necessarily affects the final price paid by customers. But that’s not all. We must also think about the shortage of semiconductors, which also affects. Not to mention electric cars, which still cost much more than similar thermal models. Also, it’s best to have a full bank account to afford a new car today.

💪 Strong growth of the market of used electrified vehicles: + 46% in one year!

In the second quarter, it is 1/3 of transactions.

➡️ Details on#IOElectric : https://t.co/b0bI0ymXjz#Electric mobility #Mobility #Electricity #Mobility pic.twitter.com/zcbsmt896y

— French Electricity Union (@ufelectricite) July 4, 2022

Loans are growing

But buy a used car is also not obvious as prices have also skyrocketed due to increased demand. Indeed, more and more drivers are turning to second-hand cars, which are cheaper than new ones. Because of this, loans for the purchase of a used car have been rising in price for several months. According to La Centrale, every third car purchased on the platform is financed. According to the website’s spokesperson, in 2022, the use of credit for the purchase of a used car increased by 4.5%“. An incredible increase compared to the previous year, which can still grow.

Higher age

But in addition to paying more, motorists buy old cars to limit costs. Yes, according to a recent study by La Centrale “ with an equivalent budget, the French buy a car that is, on average, 3 years older and 45,000 kilometers more“. And this even if it seems that prices on the French market have stabilized a little since the beginning of the year. Because further growth in the coming months cannot be ruled out. So we must remain vigilant.