Cost of running a car shoots up

While cleaning your precious car is an enjoyable and inexpensive task, keeping your car on the road in other ways may be giving you a serious headache.

A report released by the RAC shows that the cost of motoring has shot up by an incredible 14 per cent in the past 12 months.

This means that on average drivers are now shelling out £128.64 each week just keep their car running. This works out to be £55.74 per miles and means that on the average vehicle costs £1,556 more than it did back in 2007.

And while cars are costing more to run, they are also losing value faster. Figures show that depreciation rose by 16.67 per cent in the last year.

The cost of insurance brought about the biggest year-on-year change. It rose by a staggering 14.38 per cent and is now a whopping 35 per cent higher on average than it was in 2009.

Fuel rises were the next largest factor at 12.4 per cent more than a year ago.

In total, the running costs came to £6,689 compared to £5,870 in 2010.

RAC motoring strategist Adrian Tink said: “This year’s cost index highlights the tough conditions being faced by Britain’s motorists.

"With fuel prices the biggest single running cost, UK drivers want action from the government.

“Last week’s Commons debate showed the real depth of feeling across the country on this issue. At the very least, we are calling for the scrapping of next year’s planned fuel duty increases.”

The figures come at a time when the Association of British Insurers is calling for an outright drinking ban for young drivers as well as a removal of their right drive on the nation's roads between 11pm and 4am.

The government, however, had knocked back the proposal because it would impede some people who need to get to work or college.

Posted by Mark Henderson.

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