Drivers abandoning the road as petrol prices rise
www.moneynews.co.uk > General finance > Drivers abandoning the road as petrol prices rise
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Money News |
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Drivers abandoning the road as petrol prices rise
Wed 16th Apr 2008
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The financial comparison website found that 25 per cent of respondents were using their car less, with older drivers being affected the most.
Most (76 per cent) of those surveyed cited rising petrol prices as the main reason why they were leaving the car on the drive, while eight per cent mentioned high insurance premiums and the same number blamed increased maintenance costs.
The website reported that the average cost of a litre of unleaded fuel is now 107.5 p, while the price of a typical comprehensive car insurance policy has risen to £629.04.
Sean Gardner of MoneyExpert.com said: "Many people are finding their finances are being squeezed to the limit, and when that limit breaks something has to give. For some that means leaving the car in the drive."
According to recent research from Sainsbury's Finance, British motorists could be missing out on £286 million by failing to haggle over the price of their new car.
Related News : General finance |
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