Apr07
Cost of motoring ‘up nine per cent in five months’!
on April 7th, 2010 at 11:23 pmThe cost of running a car has risen by 8.6% in just five months, new estimates suggest. And the figures, calculated by Sainsbury’s Finance, suggest that motorists are paying around a fifth (20%) more now than they were in September 2007. According to the bank, the average cost of running a car for a year now stands at approximately £2,539, compared to an estimated £2,338 five months ago. In 2007, the annual cost stood at around £2,100. Costs have been driven up by rising fuel prices – up 10% in the past five months – and an increase (11%) in the cost of car insurance. The bank added that vehicle taxation has risen by 26% over the past two and a half years. More
