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Why Most Millennials and Gen Z Regret Buying Cars Before Inflation

Nearly 6 in 10 US adult drivers regret the car they bought in 2021 just before inflation kicked in.

In other sectors, an additional 42% look for a higher-paying job or sideline to pay maintenance costs, according to a new study comparing the car ownership habits of his Gen Z-licensed and millennials. Now Another 40% of him rely on how to fix a problem car himself.

A poll conducted by OnePoll and commissioned by the Kelley Blue Book Service Advisor asked 2,000 American drivers (1,000 each from Generations Y and Z) about car liability. , found that 69% are currently considering getting rid of their car. their car for some reason.

Regardless of who is under the hood, young drivers defer investigation whenever possible. Wait an average of 8 warning lights on the dashboard and 5 failures before calling a mechanic before deciding to dispose of it. A study of their jalopy was found. But first, 79% (especially 88% of women and 72% of men) do their own research before asking for help.

Repairs not rushed by the driver include broken speakers (27%), dull windshield wipers (26%), cracked windows (26%), oil replacing his lights ( 26%), etc.

Despite their dissatisfaction, 57% agree that it is more affordable to keep the vehicle they already own than to upgrade to a more expensive new model.

Unsolvable problems that ultimately led drivers to buy a new car included too many noises and odors (38%), too many parts replaced (37%), and putting parts together. used too much tape (37%).

When buying again, many learn a lesson from their first car, with better gas mileage (32%), maintenance costs (31%) and durability over beauty (31%).

Overall, nearly two-thirds (64%) are willing to fail state-approved safety tests if it saves them a little extra money.

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South West News Service
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South West News Service
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South West News Service
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South West News Service
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South West News Service
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South West News Service

is critical to maximizing the value of your vehicle, not delaying maintenance not only saves you money by extending its lifespan, but also increases your chances of getting a better price,” says Kelly. A spokesperson for Blue Book said in a statement to the South West News Service:

With top resources, predictable repairs based on what vehicles like yours are being repaired, and a supportive online community, we can: It helps us make better choices,” they added.