Average UK car running costs

A report, commissioned by Kwik-Fit, has calculated that the average UK motorist spends £162 per month on running their car. That covers things like fuel, insurance, road tax and servicing, and doesn’t include the cost of the car itself.

The research found that the average monthly car finance payment was just over £226. Given that most car buyers (both new and used) are borrowing money from somewhere to pay for their car, that means that the average total monthly spend on a car is about £400 per month in the UK.

Based on £162 per month, the annual running cost of a car averages out at just under £2,000. Obviously, some of those expenses are small, regular amounts like fuel, which accounts for an average of £67 per month. Other costs are larger, annual bills like a service (average of £191) or unexpected repairs and breakdowns (average of £159).

 

Report Source: TheCarExpert

 

 

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