 What does the your car say about your saving and spending habits? |
The car that you drive says a lot about your spending and saving habits, research from Lloyds TSB has found. According to the report, owners of Ford cars are less likely to be in debt, while VW drivers save the most money.
Citroen owners are deemed poor with money as only two thirds have savings, well below the levels of other owners.
"The connection between cars and money is one of the oldest relationships around...the link is as strong as ever," a Lloyds TSB spokesman said.
 | Car makes and financial attitudes Nearly a quarter of 'Vigilant' VW owners have savings in excess of �10,000. 'Fastidious' Ford owners have smallest debts and get the most from their savings. 'Cautious' Citroen owners are least likely to borrow to buy their car or save. 'Reserved' Rover owners control the spending urge, with 29% leaving credit cards at home. Source: Lloyds TSB |
Lloyds TSB concluded that there was a correlation between the financial behaviour of owners and popular perceptions of the brand of car that they owned.
Rovers, for example, are often seen as a favourite among elderly drivers.
Drivers who chose to drive the cars were dubbed 'reserved' by the bank because almost a third deliberately leave their credit cards at home when they go shopping.
In total, the bank surveyed more than 2,000 UK car owners.