London, UK (PRWeb UK) March 26, 2009
Study from Tescocompare.com, the economic search engine, has shown that today’s young drivers are acquiring an effortless ride when it comes to climbing the 1st rung of the ‘Car Ownership Ladder’. Not only is their 1st vehicle free of charge – usually a present from their parents for 35% of youngsters – it’s also far from being the classic ‘old banger’ preceding generations tended to take pleasure in. Today’s young drivers not only personal vehicles earlier, they own a lot more high-priced models and have ambitions to upgrade to their second auto more quickly.

Despite the credit crunch, parents remain committed to assisting their youngster get behind the wheel. Research commissioned in March located that two thirds of parents (68%) have no plans to reduce the level of economic support they give their kid when acquiring their first automobile, and a further six% will truly boost their economic help to help their money strapped little ones. 2 And for these who aren’t so lucky receiving purchased their first auto, the trustworthy Bank of Mum and Dad remains ‘open for business’ for one particular in eight young drivers (12%), whose parents give them an interest free of charge loan to acquire their very first auto.

Wonderful expectations: