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Knighton Matt

Yikes!

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Posted

Higher fuel prices mean the cost of keeping a car on the road rose by 7.2% in the past year, research suggests.

Sainsbury's Bank said the average cost of running a car for a year rose to £2,202 in August from £2,053 last year.

Rising fuel costs were behind the bulk of the increase, climbing 11% compared with 2005 to £1,226, driven by record crude oil prices.

Other costs drivers faced included £462 for insurance, £273 for servicing, £116 for tax and £44 for MOT.

Sainsbury's also said that drivers who shy away from haggling over the cost of a new car could be throwing away as much as £1,200.

'Shop around'

"The cost of motoring has been rising steadily but you can keep this in check," said Richard Clark, car insurance manager at Sainsbury's Bank.

"For example, shopping around for car insurance and your fuel could make a real difference to your motoring bill at the end of the year."

From bbc.co.uk

According to fuel price checkers Catalist, the average cost of a litre of unleaded petrol is now 93.64 pence while diesel is 96.45p.

However, supermarkets Asda, Tesco and Sainsbury's recently cut their prices to between 91p and 93p.

Prices neared the £1-a-litre mark recently as crude prices rose above $78 a barrel in August amid concerns over increasing instability and threats to oil supplies from the Middle East.

Motor insurance premiums have also been in the news after insurer Norwich Union said it would be increasing premiums by an average of 16% - and as much as 40% for riskier customers such as young men.

The firm argued that the increases were needed to cover the cost of rising personal injury claims.

Industry experts predict most firms will follow suit in coming months.

Posted

If you can't afford to drive it's simple, buy a bike! :ph34r:

I've heard public transport is good these days :blink:

The joke of it is that they put up fuel prices saying that they want people to use public transport but then bus & train fares also go up so it is not a cheaper (or reliable) alternative.

Posted

If you can't afford to drive it's simple, buy a bike! :ph34r:

It's really not that bad

bike.jpg

I've heard public transport is good these days :blink:

Certainly fine for cummin and goin. :whistle::P:P

Posted

worth every penny , not to have to mix with the riff-raff using public transport

and i can go out and have a skin full and not have to walk home :thumbup:

Posted

£35 x 12 insurance

£40 x 52 petrol

£100 mot and service

£200 extras

= £2,800 pa for me.

Thank god I'm on the bus to work when I move house in a couple of weeks. :)

Posted

Just think of the nappies you could buy for that ;)

Tell me about it.

I'm really looking forward to the omnibus. Our local buses and trains are actually quite good - they've just been too awkward to use for work, up 'til very soon, when I'm on a direct route to the sweatshop. Half an hour's reading the paper, or a book either way. Excellent.

Posted

Costs me £210 for my bus pass, which lasts from the beginning of September to the end of June.

Not bad when the busses run from about 6 in the morning to about half 2 at night/early morning, and every 12 minutes during the day.

In the 2 months since I've been home I've spent about £150 on petrol, and that's being conservative.

Posted

£35 x 12 insurance

£40 x 52 petrol

£100 mot and service

£200 extras

= £2,800 pa for me.

Thank god I'm on the bus to work when I move house in a couple of weeks. :)

Cheap at half the price

£343 x 1 Insurance

£35 x 52 (£1820) Petrol

£200 tyres (£400 every two years)

£40 MOT

£300 Servicing

£210 Road Tax

= £2913 - Near enough the same

BUT if I do go ahead with the new car then petrol, & servicing (not to mention paying for the car itself) will go through the roof :ph34r:

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