How much does your car cost you?

Cars are expensive – we all know that. You have to take into account not just the purchase price but the other costs too – tax, insurance, fuel, MOT. Then there are the running repairs that all cars need now and then – new tyres, brakes, wipers and so on. That’s without factoring in the unexpected costs – the breakdowns, the new cam belts, the chipped windscreens. 

So yes, cars are expensive, no matter how you look at it. But have you ever really sat down and worked out just how much your car costs you, and looked at ways to reduce those bills? Motorparks has come up with a new car cost calculator. This online tool is aimed at motorists looking to discover what the running costs of their current car costs them, as well as drivers in the market for a new car but with a set budget in mind. While using the calculator takes minutes, the detailed results not only reveal how much a driver is spending to keep their vehicle on the road, but also offers simple tips for bringing costs down.

car cost calculator

When I popped in my details, it showed that my fuel costs me, on average, £2.27 a day. Doesn’t sound a lot, but considering I only use the car for school and nursery runs it seems quite high. £2.27 a day soon mounts up – that’s £708.24 a year just in fuel for my car – that’s without factoring in what my husband uses going to work and back every day in his vehicle!

Overall my car costs me about £3.33 a day to run – that’s £1214.00 a year. That’s a lot of money for a school run car – and like I say, that’s without working out what it costs us to run and maintain 2 vehicles. Ouch!

So how can we reduce the amount of money we spend on our cars? Motorparks have some realistic suggestions to knock a few pounds of your annual motoring bill – drive economically, buy fuel wisely and invest in a low tax, low insurance car next time you purchase.

car cost calculator

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1 Comment

  1. June 8, 2016 / 1:00 pm

    We have two cars and yes they are a financial burden but we couldnt be without them having 2 kids and both having jobs.

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