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Annual cost of motoring reduced by 5% in 2009
Date Listed: 12/11/2009
According to the motoring organisation, which has published its 'Annual Cost of Motoring Index', the cost of motoring for Britain’s 30 million drivers has reduced over the year although most believe it has risen, leading many to revise their car useage.
The findings reveal that the cost of motoring has fallen by 5%. Despite this small reduction, an RAC poll has showed that 8 out of 10 motorists still believe that the cost of running their car has risen. And in response 45% of those surveyed have been making significant changes to their motoring habits over the last year, such as reducing the number of cars owned, making moves towards being a one car household.
The 'Cost of Motoring Index' profiles daily running costs associated with owning a car and includes road tax, fuel, insurance, maintenance and breakdown cover.
For the first time the index also calculated the annual running costs for used cars, which is on average £2,744, which is a substantial 24% higher than that of owning a new vehicle. The added expense of running a used car was attributed to maintenance costs and higher road tax.