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Fri 06 August 2004 View all news
The cost of running a car takes up about a quarter of a typical UK household's income and exceeds the cost of servicing the average mortgage according to the latest figures from the RAC Insure Index.
The cost of running a car is now around £438 a month; higher than the interest repayments on a typical £80,000 mortgage (at current rates).
Fuel costs account for nearly 20% of total running costs and could represent a significantly higher share if oil price rises are sustained.
Related Links
RAC Insure Motoring Index
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