Fac­tors driv­ing up costs on the road

Yorkshire Post - Motoring - - MOTORING NEWS -

IF YOU think mo­tor­ing has be­come more ex­pen­sive over the past 12 months, you may be right.

Ex­perts at mo­tor data ex­perts HPI say they es­ti­mate the cost of driv­ing has risen by 10 per cent.

The study ex­am­ines fac­tors from de­pre­ci­a­tion to fuel costs and re­pairs to cal­cu­late a total cost of own­er­ship on some pop­u­lar mod­els.

Philip Nothard, con­sumer and re­tail spe­cial­ist at HPI, said: “The mo­torist is fac­ing ris­ing tax­a­tion and fuel costs due to a weak pound.”

“There are still some great deals to be had on new and used ve­hi­cles due to the grow­ing pop­u­lar­ity of fi­nance that al­lows pay­ments to be spread over a fixed term.”

The fig­ures show a cost per mile and are based on ve­hi­cles aged at three years and 30,000 miles, and in­clude ser­vice and main­te­nance, fuel, de­pre­ci­a­tion from the cost new and road tax.

The re­search looked at the cheap­est ve­hi­cles to own in 2016 against 2017. It found the cost per mile for the Peu­geot 108 in­creased from 24p to 27p. The Toy­ota Aygo jumped by more than 15 per cent from 24p to 28p over the same pe­riod.

Mr Nothard said: “De­pre­ci­a­tion is the sin­gle big­gest fac­tor in the cost of own­ing a car.”

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