A leasing company has analysed a popular online car marketplace and compared the prices of the UK’s most popular used cars against the number of miles the car had done to uncover the average depreciation cost per mile our cars drive. The average price an petrol or diesel car depreciates is 67ppm or by £4,669.90 a year compared with an evs cost of 55ppm and … [Read more...]
Expensive EVs deter Brits buying them
Britons are being put off choosing electric cars because they a simply too expensive, a survey shows. Select Car Leasing took the average price of a standard Renault Zoe EV in Europe and how much it was a percentage of the average salary with some surprising results. In Britain it was equivalent to 84% of salary and put the country in 13thplace in the … [Read more...]
Parents paying more to keep youngsters on the road
Nearly two thirds of (63%) drivers between the ages of 17-24 say they have relied on financial support from their parents to cover the cost of running a car in the last 12 months – receiving up to £750 a year – according to comparethemarket.com. The Tank of Mum and Dad Report highlights just how reliant young drivers are on their parents to help them pay … [Read more...]
Electric cars surprise running costs
Electric cars travel up to three times the distance of their petrol or diesel rivals for the same amount of money, according to research. With interest in electric cars rising, many potential buyers are left confused by the way running costs are explained, with ‘miles per kWh’ difficult to compare to ‘miles per gallon’. To help consumers, car reviews and … [Read more...]
Cost conscious drivers have a new tool to use
Cost-conscious motorists are set to benefit from a new online tool that reveals the total cost of ownership (TCO) of cars. TCO Check created by automotive data and valuations expert HPI is a new online calculator which allows drivers to take costs into account and tells them how much they can expect to spend over the next three years of ownership. The … [Read more...]
Green motoring gets red card from drivers
Almost three quarters (71%) of UK motorists say affordability is a main consideration when purchasing a new vehicle, according to the Britain Under the Bonnet report from Close Brothers Motor Finance. A further 56% care about how economical a vehicle is to run, showing additional interest in cost. Other key attributes include fuel type (55%), engine size … [Read more...]
Electric vans now matching diesels’ cost, say analysts
The costs of emissions-free, electric vans are now as low as their diesel competitors. That’s according to a new study by consultancy CE Delft that focuses on the small van segment largely used in cities and which accounts for 40% of total van sales in the EU. The study takes into account purchase price, taxes, fuel bills and maintenance costs over … [Read more...]
Petrol v diesel choice is down to real need
Automotive data and valuation expert hpi has compiled a car market analysis for motorists who are faced with making the decision of whether to choose a petrol or diesel car. There is no right or wrong answer when choosing a petrol or diesel car. With so many variables across the whole vehicle sector ranging from the class of vehicle to driver usage having … [Read more...]
Newslines 29 August
The cost of running a car eats up 20% of a young driver’s annual take-home pay, according to analysis from Cuvva, the app-based pay-as-you-go car insurer. Excluding the actual purchase price of the vehicle, the total cost of running a car for a UK driver aged 17-22 is £2,861 a year, 19.9% of the annual take-home pay of £14,402 for someone in this age … [Read more...]
Cheapest EV cars to run announced by cap hpi
As interest in the electric vehicle sector continues to grow, the latest analysis from automotive data experts cap hpi looks at the total cost of ownership (TCO) to reveal the EV cars with the lowest motoring costs. The analysis looksed at used EVs for those motorists thinking of making a switch to an alternative fuel type from petrol or diesel. Once all … [Read more...]
