In a recent report by the RAC it was suggested that on average it now costs around £6000 a year to own and run a car. With maintenance, insurance, and ever rising fuel prices at what point does this cost reach tipping point? How much of your wage would you be willing to give up before it simply becomes too much? For a growing number that level has already been reached but it is only when you stop to think about it that the full cost of owning a car becomes clear.
Let’s face it, for many car ownership is critical to way of life, especially for those living in rural locations, like us on Bute and people who simply have to commute to work by car. However, for some owning a car is more of a luxury. When, as the RAC reports, the average weekly cost of this luxury is £129, if you only use this once or twice a week that’s a hefty expense. On top of that you also have the hassle of cleaning and maintenance. Then when you factor in that this £129 is paid when you are on holiday or away it all seems a bit mad!
Last year it was predicted that by 2015 the cost of a tank of petrol could hit £100. This may well be the tipping point for many. However, looking at last year’s 4.4% drop in new car registrations, it seems to be a sign that for a significant number that point has already been reached. It’s scary when you think that in 2002 the average petrol price was just 70p per litre!
So my question to you all, is do you still want to keep paying these astranomical costs, or do you want to start saving and think seriously about your Car Ownership and perhaps join Car Bute.
If these costs are making you think, give me a call on 07826415122
