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Motoring Costs Driven Up

Sep 27, 2007

By Peter Woodman

The annual cost of running an average family car has leapt 10% since 2005, it has been revealed.

Big rises in the cost of servicing and MOT tests have contributed to the overall increase, figures from Sainsbury's Bank showed.

Based on driving 10,000 miles a year in a Ford Focus, the statistics showed that it costs around pounds 2,259 a year to run a car in 2007.

This is around 2.6% more than last year's figure of pounds 2,205 and 10% more than the total of pounds 2,053 two years ago.

The figures include petrol costs but not interest repayments on loans taken out to buy vehicles.

Joanne Mallon, Sainsbury's Car insurance manager, said: "The cost of motoring can be high but it is possible to keep it in check by, for example, shopping around for car insurance and fuel.

"However, it is not only the costs associated with running a car that motorists need to tackle but also the price they pay for them. Our research shows that 12% of people planning to buy a car don't intend to haggle over the price they pay and a further 38% only plan to haggle slightly.

"This is despite the fact that you can save well over pounds 1,500 on the price of a brand new car by doing this."

(c) 2007 Western Mail. Provided by ProQuest Information and Learning. All rights Reserved.

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