4 Money Facts About Cars In 2020

March 18, 2023 in Other - Micaela

When it comes to cars, most people try to be level-headed. We rely on our vehicles every day, whether we are nipping to the shop to buy a bottle of milk or heading to the workplace. Cars are an integral part of our life; which is probably why we believe we know them so well. But, in reality, things are constantly changing, especially now. The pandemic is transforming the way people think about their vehicle and its inherent costs. 

#1. MOT will get more expensive this year

You’d think the typical cost for the MOT will not change once the garages and MOT centres are ready to re-open. In theory, there has been no information that the MOT test cost will change after the lockdown. But, as the lockdown started over 2 months ago, you have to be realistic.

A lot of drivers will need to pay more to make sure their car is road-safe. Indeed, a lot of vehicles have not been maintained regularly. Cars that have been parked on the drive or the side of the street for an extended period will require servicing as well. In 2020, most drivers will need to spend a little more on their vehicles if they want to use them safely! 

#2. More individuals with mobility issues want a car

Unfortunately, the most vulnerable individuals are those who have suffered the most during the lockdown. People who rely on public transport, cabs, or carers for essential commuting may have been left without any options.

As such, 2020 will likely see a rise in motability offers, aka financing options to purchase a vehicle when you have mobility issues. Individuals will want to regain their freedom of movement and their independence. 

#3. Lockdown made people more likely to buy a car

People with mobility issues are not the only ones who are considering purchasing a car right now. In the UK, the coronavirus pandemic has encouraged people to find new solutions to carry on with a sense of normality.

Those who live in city centres and typically rely on public transport are considering the purchase of a vehicle for safety reasons. Driving an individual car may be more expensive than taking the tube, but it is more hygienic. The risk of germs spreading in your own car is far less than in public transport. 

#4. Other countries are paying people not to drive

On the other hand, other European countries are trying to encourage their population to go carless. Indeed, the positive impact of the lockdown on the environment and local wildlife has pushed the French government to start a bicycle repair scheme.

People who repair their old bicycle to use it instead of driving can get the cost of the repairs partially covered by governmental funds, at the height of €50 per bike. It isn’t much, of course, chances are that owning a car may become more expensive in France and other countries that may implement an anti-driving scheme for the environment. 

In conclusion, 2020 is a year that changes our perception of vehicles for good. While some countries are investing more in car ownership, others are looking for ways of descaling car density and volume on the roads. It’s hard to predict how many cars there will be in the streets around the world by the end of 2020. But one thing is for sure: Every driver will have a new perception of their vehicle. 

Micaela

Micaela combines her love for all things digital and all things creative with a career in digital marketing alongside running three blogs. Micaela has been blogging since 2012 and loves sharing new experiences, products and her passions with her readers.

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