2016 Budget

Drivers using money saved on fuel to upgrade their cars – buy a fuel saver

Money saved on fuel

Mitsubishi Outlander is the best-selling plug-in car. Worth considering for urban drivers looking to save on fuel (Picture © Mitsubishi)

Thankful that the 2016 Budget didn’t lead to an increase fuel duty? If you’re like many drivers, you could be looking to spend the money saved on fuel to upgrade your car.

Online retailer Motors.co.uk conducted research which shows that the number of buyers looking at cars costing up to £300 per month to lease has increased by 78 per cent this year. Peter Watts, director of dealer insight at Motors.co.uk said: “Over the past few months, we’ve seen fuel prices reach their lowest since 2009, with supermarkets slashing their prices to below £1 a litre. To put this into context, at its highest price point, we were paying more than £1.42 a litre in April 2012 – that’s a saving of just over £25 for a 60-litre tank each time it’s filled up.”

Philip Nothard, retail specialist at car valuation expert CAP Automotive believes buyers are still looking for fuel-saving motors. He said: “We’ve been researching this extensively among motor dealers and they confirm to us that fuel economy hasn’t slipped down the list of priorities for the typical customer.” So if you’re one of the drivers looking to upgrade but want to hedge against future fuel price rises, here are our top five motors that will save you money at the pumps… and five to avoid.

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