Parents Funding Young Drivers

Parents are shouldering the burden of getting their kids on the road, shelling out over £2 billion collectively.

Research from garage group Kwik Fit has shown that 59% of parents help their children to afford their first car between the ages of 17 and 25, spending £381 per parent.

The support doesn’t stop there however, as 43% of parents contribute to their 26-30 year old children's motoring costs, and 36% lend a helping hand to their children well into their 30s.

Kiwik Fit’s research revealed that around half of parents helped pay motoring costs because they knew that their children could not afford to. Meanwhile a third were acting altruistically, helping to ensure their child is driving a safer, more modern car.

Roger Griggs, communications director at Kwik Fit, said: “Becoming a motorist and passing the driving test is exciting, but it can also be expensive.

“There’s often a temptation to cut corners to help bring costs down but this is likely to be at the expense of safety, so it’s good to see parents are keen to help cover these costs.

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