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UK households 15% worse off than 5 years ago
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it does say actually based on 13-20k car, so perhaps car loan repayments. also i guess insurance is higher on more expensive/ new cars....whereas mine is only £25 per month.IveSeenTheLight wrote: »Not sure why the standing charges are so high. I'm presuming maybe road tax, mot, insurance etcWe cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
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i dont understand what depreciation has to with it- how is that a monthly outgoing?Cannon_Fodder wrote: »Car costs - Depreciation is the biggie - or think of it like leasing instead...;
7 Source: EY analysis based on data from the AA. Standing charges include road tax, insurance, cost of capital, depreciation and breakdown cover. Based on car with new purchase price of £13,000 to £20,000.
eta: i take it they mean if it was paid for in cash then?We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
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Depreciation is a monthly outgoing if you are going to replace your car and don't have a lump sum in savings set aside for that purpose.0
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yes, looking at it, there isnt a section for savings.baby_boomer wrote: »Depreciation is a monthly outgoing if you are going to replace your car and don't have a lump sum in savings set aside for that purpose.
im so glad im not obsessed with status! couldnt cope with spending all that money on a brand new car only to watch its worth drop dramatically over the first few years. :eek:We cannot change anything unless we accept it. Condemnation does not liberate, it oppresses. Carl Jung
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