According to
car finance news today, the cost of
motoring has soared since 2007, with
car insurance premiums leaping and increased motoring taxes all
adding to the financial weight of
running a car .
Sainsbury’s Finance provided a series of statistics regarding
car costs . Including the
interest repayments on
car finance loans, the average cost is around 2,338 pounds. The
figure is 2.68% higher than 2008 and 11.33% higher than 2007.
Both
car insurance
premiums and
car taxation have increased in cost. However average
car service costs have gone down. Sainsbury’s car
insurance manager Ben Tyte reportedly commented:
''While certain costs of running
a car have fallen during the past year, compared to 2007, the
cost of motoring has still increased fairly significantly with road
taxes and insurance premiums both on the rise. The cost of
driving a car can be kept better in check by shopping around,
particularly
for car insurance and servicing.''
