Slovaks buy more expensive cars than 10 years ago

The average age of a person purchasing a car is lower than in the Czech Republic, a poll suggests.

Used-car dealers are also feeling the chill of fewer sales. Used-car dealers are also feeling the chill of fewer sales. (Source: TASR)

Slovaks are buying more expensive cars. The average price of used vehicles has increased by more than two-thirds in the past decade.

While they paid €6,800 per vehicle in 2009, last year it was €11,400. The average age of a purchased vehicle has not changed, and is slightly higher than six years.

What is interesting is that Slovaks pay about €900 more for a used car than Czechs, according to a poll carried out by the Home Credit company.

Differences with the Czech Republic

Growing salaries and a dropping unemployment rate have had an impact on the decisions of Slovaks when it comes to purchasing a used car. They often take a loan, which represented nearly 80 percent of the purchasing price last year. A Slovak taking a loan had 36 years and one month of duration on average.

“When compared with the Czech Republic, Slovaks who purchase a car are younger than Czechs,” said Jaroslav Ondrušek, analyst with Home Credit, as quoted by the TASR newswire. The average age of Czechs is 39 years and nine months of age.

There is also a difference in how much the two nations are willing to invest in a car.

“People in Slovakia buy more expensive cars than Czechs,” Ondrušek said, as quoted by TASR.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Acorda case: Justice is not about draconian punishment

Alcohol is not a mitigating circumstance but in this case it resulted in reduced sanity.

He wrote a book on artificial intelligence and it became a bestseller

Futurist Martin Spano does not believe that robots will kill us all.

Martin Spano

When catching up with western Europe is no reason to celebrate

The far right is flexing its muscles in this European election.

George Mayer, Marine Le Pen, and Boris Kollár in Bratislava.

UPDATED: Police detained an organiser of the Topfest summer festival

The police are investigating extensive fraud. How will this affect Topfest?

An image from the Festival operation.