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The cost of running your car in Worcester, 2005.

Comparing the cost of running your car against the cost of public transport, a car may appear to be cheaper but consider what the real cost of owning and running a car is.
Making a journey by bus in Worcester may be less convenient but could be cheaper overall.

The main cost is the purchase cost of your vehicle, but you should also consider the depreciation, the loss of interest on your capital, also if buying on finance the cost of interest.

Purchase cost of vehicle can be low especially if making a second hand buy, depreciation will be low, but cost of keeping on the road may be higher as more repairs will be required.

A new vehicle will cost more to buy, depreciation will be higher, but running costs and repairs will be much lower.

After purchase, insurance is another large cost; the younger driver will attract a larger premium

Road fund licence should be accounted for.

Maintenance and running costs can be significant.

Cost of fuel, a small car should be cheaper to run.

Cost of servicing, tyres, exhausts, repairs, MOT’s even cost of parking, all have to be taken into account.

With twelve thousand as an average mileage, the annual cost of running a small car up to 1200 cc is likely to be between .20 to .30 pence a mile.

In 2004 a minimum cost of £2400 annually (£46.15 weekly) to £3600 annually (£69.23 weekly.)

In May 2006 according to the AA the cost of owning and running a family hatchback for 10000 miles a year has spiralled to £4350 annualy.

Travelling less mileage could easily double this figure.