The Real Cost of Motoring

I need a new car.

In fact, that’s an understatement. I am DESPERATE for a new car and have been wanting one seriously for at least a year! My current car was an executive model and in mint condition when we bought it… and it was perfect for when my twins came along. We needed a 7 seater. But fast forward 7 years and with four kids crashing in and out of it most days… it’s fair to say it’s pretty hammered now! And unfortunately, it simply costs too much to run.

Researchers found the typical driver will spend nearly seventy thousand pounds on fuel and rack up a bill of forty grand on MOTs, servicing and repairs in a lifetime! Crazy or what? 

Petrol is my big bugbear. I spend an absolute fortune each week to get the huge 3.8litre engine going, and I don’t need to! I need to downsize I think.

Parking alone sees the typical driver spend just £12.15 on parking charges, but over a driving lifetime of 64 and a half years, this will mount up to an incredible £9404.

The research, by affordable car hire company autoeurope.co.uk reveals that British motorists will drive over half a million miles in a lifetime – the equivalent of 22 times round the earth! They will also fork out £168,880, on running costs of vehicle ownership, have 1,935 rows – and 2,709 episodes of road rage in a lifetime.

Its seems that the burden of car ownership is hitting drivers hard and AutoEurope research suggests that running a car is a huge financial commitment. What motorists will spend on repairs and fuel costs alone could buy a home in most parts of the UK, not to mention tax and insurance.

A spokesman for autoeurope.co.uk said: “The burden of car ownership is hitting drivers hard and our research proves that running a car is a huge financial commitment. Renting a car instead is miles cheaper in comparison – whether that’s just for one day, or a long-term rental – we offer affordable rates on car hire without the added worry of depreciation and the additional running costs that often comes with owning your own vehicle.”

Hmm… so could this be the answer I’m looking for? I spend an absolute fortune on petrol and insurance at the moment…. would I really be paying more if I went for this option? I won’t have insurance to think about and the petrol is obviously going to be a fraction of the price, especially if I was to go for a much smaller car. It’s certainly worth looking into.

In the meantime, check out this fun infographic which shows some lighthearted driving stats!

The cost of motoring

 

*Collaborative post
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Comments

  1. I’d love a new car, I’d also love to do away with it altogether – living in London we can more often than not get away with it but it’s so handy to have one there when we do! x

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