How Has the Cost-of-Living Crisis Impacted Car Ownership? And What Can Motorists Do To Reduce Worries?

When it comes to car ownership, more and more people are unwilling or unable to make purchases because they're weighed down by economic anxiety. It's not just buying the actual car they must think about, but also the nitty-gritty that comes with owning one.

Here, we explain the impact of the cost-of-living crisis on car ownership and how you could try to reduce worries.

Vehicle

In the UK, the average cost of a used car is £17,418, depending mainly on the size, make, and model. Naturally, this is a lot of money to spend in one hit, and most people are merely coping with their income at present.

Getting a car on finance is one way to bypass such a scary initial cost, because doing so means you can spread the cost of your car over an agreed time period instead of paying the full amount right there on the spot. In this situation, you should look for a car finance company that doesn't charge you any additional fees; we really do need to look after the pennies in these harsh times.

Car Insurance

Once the contracts have been signed, and the car is in your possession, next comes arranging the necessary insurance cover. Typi...