If you’re convinced that the cost of driving has been creeping up, you’re not imagining it. At least that’s the conclusion of new research, which says that even owners of the cheapest cars have seen everyday motoring costs creep up by 10 per cent, over the past year.
Research carried out by CAP HPI, the vehicle valuation specialist, looked at the running costs associated with owning a car, rather than the purchase price of the car.
The price of scheduled servicing and general wear-and-tear maintenance were calculated, as were bills for fuel (petrol or diesel), road tax and the drop in value of the car – known as depreciation. Once combined, they were used to produce a pence-per-mile figure.
Most drivers appreciate the need to have their car serviced on a regular basis. They will follow the vehicle manufacturer’s recommended service intervals, or with modern digital systems, keep an eye on a display in the dashboard which counts down the miles or days until a car next needs servicing. But when the time comes to have the job done, how many of us shop around to save money and get the best standard of work?
The answer is probably not many. It’s all too easy to go with convenience, such as a local garage. And with younger cars, drivers are often swayed by sticking with franchised dealers.
However, the hourly labour rates that greatly influence how expensive a car’s servicing bill vary greatly.