Car finance applications and agreements 2022 to 2024

Release date:
28 March 2025

FOI reference: FOI-2025-2667

You asked

I would like to obtain the following data for the years 2022, 2023, and 2024 (or the most recent available):

  1. The average credit score per region in the UK, along with its correlation to default rates on car finance agreements.
  2. Postcode-level statistics on car finance loan delinquencies and vehicle repossessions, including the percentage of agreements in arrears and the number of repossessions per 1,000 agreements.
  3. Default rates on car finance agreements broken down by borrower age group.
  4. Statistics comparing first-time car finance applicants with experienced borrowers, including default rates and average repayment performance.
  5. A list of the top 20 postcodes in the UK with the highest car finance default rates.
  6. Comparative statistics on car finance repayment performance in urban vs. rural locations, including default rates and delinquency trends.
  7. Default rates for car finance agreements segmented by Loan-to-Value (LTV) ratio, for comparing high LTV deals (90%+) with lower LTV deals (e.g., 50%).
  8. Statistics on the correlation between deposit size and default risk---specifically, whether customers who place larger deposits are less likely to default.
  9. The number of car finance borrowers who have an active County Court Judgment (CCJ) or Individual Voluntary Arrangement (IVA) at the time of application.
  10. Statistics on default rates among borrowers with satisfied CCJs (i.e., those that have been fully paid off) compared to those with no prior CCJs.

We said

Thank you for your request relating to car finance.

Unfortunately, this is information not held.

While the Office for National Statistics (ONS) collects the number of households that have hire purchase or credit agreements as part of the Wealth and Assets Survey, it does not collect the relevant detail for this request; credit risk, delinquencies and repossessions, default rates, loan to value ratios, County Court Judgements or Individual Voluntary Arrangements. As such, information for this request is not currently held by the ONS.

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