A lot of people don’t notice the true costs of running a car, but when you add up the cost of tax, MOT, fuel, servicing, repairs, depreciation and parking you could be looking at over a hundred pounds a week…
We estimate that if you drive less than 6,000 miles per year then a car club could save you up to £3,500 a year. Replacing a second family car with car club membership is likely to bring even more cash savings. CarPlus, the national charity promoting responsible car use, have a very simple Car Cost Calculator at the bottom left-hand corner of their webpage.
For a more detailed analysis, try the ThisIsMoney website’s calculator. Or visit The AA’s website to compare some standard running costs.
Costs for SpareWheels cars:
£25 one-off joining fee.
Hourly rate: £3.25 Ford Fiesta / £4.25 Mazda 7-seater
Mileage fee: 19p per mile (including fuel)
That’s it.
