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...]
Young are being priced off the road
With car insurance sky high and education and living costs increasing, research shows that over one in five under 25s (22%) cannot afford to learn to drive. Insurance is a further barrier. With the average cost of car insurance costing around £1400*, and rising to £3878 for a 17 to 20 year old driver, it’s no wonder that this demographic is struggling. … [Read more...]
