A couple of months ago I listed ten reasons to give up your car. Here’s one I missed: the cost.
According to a recent survey, the annual cost of running a car has risen to £3,089. That’s a 21% rise on last year, down to high oil prices and some bizarre shenanigans within the insurance industry.
Think about that figure for a second. If you weren’t running your own car, you could spend £50 a week on taxis and still come out better off. If you’re earning an average UK wage, almost 13% of your working hours go towards your car – that’s one whole morning a week. If you sold the car and got a bike, you could afford a six week sabbatical every year. Or perhaps you could tighten the belt a little more and just work four days a week. Hurrah.