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.

Get daily Slovak news directly to your inbox

Top stories

How a Catholic charity became a voice for migrants in Slovakia

Religious organisations have added leverage in changing perceptions of foreigners and migrants, says Caritas Slovakia.

Caritas Slovakia's ‘World Without “the Other” – Migration Myths’ campaign educates Slovaks on migration in a fun and artistic way.

Secret votes and public lies

There are uncanny echoes today of Slovakia’s agonies over its choice of chief prosecutor ten years ago.

Dobroslav Trnka (left) and Jozef Čentéš (right), the candidate who was eventually selected by MPs in 2011, never got to take up the post because the then president, Ivan Gašparovič refused to appoint him for reasons that were never clearly explained.

News digest: Slovakia to spend three Advent weekends with testing. President wants it to be voluntary

Seven candidates for the general prosecutor post approved. Acting general prosecutor steps down.

Installation of Christmas tree in Trnava

Which are the largest law firms in Slovakia?

For the first time, the ranking also provides an overview in partial categories of law.