RAC Highlights Depreciation – I Don’t Do Depreciation!
Posted on | October 25, 2006 | Comments Off
Although most motorists will have heaved a sigh of relief as fuel prices recently saw a much needed dip, the news isn´t all good. In fact, new figures revealed by the RAC´s ´Cost of Motoring´ index reveal that the cost of running a vehicle is steadily rising.
The ´Cost of Motoring´ index is a piece of research produced every six months which tracks all costs associated with running and owning 17 different kinds of car.
According to the latest figures released, the average car now costs more than £5,500 a year to run – which works out at £15 per day.
With increases in congestion charges and the very real possibility of road pricing creeping over the horizon, car owners are having to watch the pennies even more carefully than before. Amazingly the cost of ownership has risen by the cost of an average package holiday – £539 – in the last 12 months.
Before you read the next bit, remember that my new cars’ costs are fixed – there is NO depreciation!
The old ghost of depreciation still haunts car buyers, with the average person now losing £2,420 per year – equivalent to a staggering £46.50 per week. This is due to depreciation increasing by £432 or 22% in just 12 months, and this growing cost is driven by a reduction in the projected residual value of the cars in the index after 3 years – from 52% to 45% of the recommended retail price.
Other significant developments in the last 12 months, highlighted by RAC’s “Cost of Motoring” index include:
* Fuel price fluctuation means costs are down from £1,155 to £1,112 – a 3.7% drop
* The cost of finance has grown from £948 to £1,040 – up 10%
* Insurance premiums have increased from £389 to £412 – an average annual growth of 6% across the market
* Maintenance costs rose from £271 to £300 – 10% more than 2005
* Tax is up from £124 to £129 – a 4% rise.
Comments
Recent Posts
- News CROW: Hamilton defiant on title hopes
- News CLUCK: Prior revels in Province of Engrish running-dogs pressure
- Growing news: Newspaper review
- News YAMMER: Afghan roadside bomb kills six
- News to me!: Murray battles into final in LA
- News STOOL: One lie-in ‘not sleep loss cure’
- Newsy newsy: In pictures
- News gorge: Cluster bomb ban comes into force
- News BELLOW: Tanker drivers issue jobs threat
- News inhale: Symphony featuring 98-year-old’s lyrics celebrates Yorkshire Day
- News STOMACH: Flooded Pakistan braced for more
- News whack: More forces adopt ‘Sarah’s Law’
- News SATIATE: Pakistan leader heading to Europe
- News THIGH: No crying shame
- More news: Dutch troops to leave Afghanistan
Categories
Archives
- August 2010
- July 2010
- June 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
About
I am Ling Valentine as seen on Dragons' Den I lease cheap cars in the UK!. Have a look at my Cheap car leasing website
Subscribe to my feed!
My Twitter page!
Search
Admin
MINI BLOG |
||
|
HIDING VAT
|
||
|
Posted: 02/07/10
Comments ( 0 )
|
||
Can you believe prices you see on the web? I've gotta say, how annoyed it makes me that so many websites break the law, also known... READ MORE
 |
||
|
NO FM CAR RADIO IN 2015
|
||
|
Posted: 04/03/10
Comments ( 3 )
|
||
Listening to the radio in our cars is something we all take for granted. Every car these days comes with a good quality radio, and... READ MORE
|
||
|
I am GAY ICON! WoW!
|
||
|
Posted: 04/02/10
Comments ( 1 )
|
||
How amazing! I have my first Civil Partnership couple, both applying a car EACH! That was two weeks ago; the sensible one has alre... READ MORE
|
||
|
MY SISTER'S (CHINESE) SKODA!
|
||
|
Posted: 08/07/10
Comments ( 0 )
|
||
Although I only lease cars in the UK, my sister Shan asked me to help her buy a brand-new car in China!She looked at quite a... READ MORE |
||
|
THE 3 DEGREES - MY IT CROWD
|
||
|
Posted: 18/07/10
Comments ( 0 )
|
||
Just to say that Mark, Jamie and Jonny have graduated. Fantastic!All have got FIRSTS in Computer something or other from Sun... READ MORE |
||
 I am the Viz UK business ambassador! Post me Ferrero-Rochers! Yum Yum! |
||
|
||
  |
||
|
||
| Road Safety! | ||
|
Funny car leasing TV ads! |
||
|
||
|
I expose HIDDEN UK Car Sales Fig's make-by-make! See the sales stats the car industry hides! |
||
|
|
||
| Road Safety! | ||
|
Funny car leasing TV ads! |
||
|
||
|
Are you a complete mentalist? ...get a Can Am Spyder! Ferrari eater! 0-60 in 4 secs Can Am Quads too! Would suit my customers! LUNATIC FUN! - Ling |
||
 £12,929 OTR visit Spyder site 3-wheels, 1000cc V-Twin, 4 brains |
||
|
||
|
LINGsCARS is the ONLY new car supplier to display and promote environmental info for ALL new cars, on the web! - Ling |
|
|
||
|
||
|
FREE delivery and collection is included with most cars! A driver will drop off and collect your new car! | |
|
||
|
||
|
|
||
| Road Safety! | ||
|
Funny car leasing TV ads! |
||
|
||
|
EXTRA CHEAP CARS HERE See 30 cheapest cars! |
||
|
||
|
All my contract hire cars come with the FULL manufacturer's warranty. So you'll have no repair bills! | |
|
|
||
|
EXTRA CHEAP CARS HERE See 30 cheapest cars! |
||
|
||
 
|
Who is Jeremy Clarkson? I exterminate! I test drive cars myself to give you idea of quality and speed. Who needs Top Gear when you have Chop Gear? Hahaha! |
|
 PLAY BOTTOM TRUMPS! |
||
|
|
||
| Bouncy Jeep advert! | ||
|
Funny car leasing TV ads! |
||
|
|
||
| Pimp my VW Golf! | ||
|
Funny car leasing TV ads! |
||
|
||
|
For updates and comments, plus my opinions, new car feed, interesting stuff, latest deals, and me... click here. - Ling |
|
|
|
||
|
|
||
|
|
||
|
Are you a complete mentalist? ...get a Can Am Spyder! Ferrari eater! 0-60 in 4 secs Can Am Quads too! Would suit my customers! LUNATIC FUN! - Ling |
||
|
£12,929 OTR visit Spyder site 3-wheels, 1000cc V-Twin, 4 brains |
||
|
|
||
| Mazda Pick-Up! | ||
|
Funny car leasing TV ads! |
||
|
|
||
| Get a Trunk Monkey! | ||
|
Funny car leasing TV ads! |
||
|
|
||
|
|
All my contract hire cars come with the FULL manufacturer's warranty. So you'll have no repair bills! | |
|
||
| So many customers recommend so I pass on details of this cheap contract hire car insurance company... for all visitors! - Ling | ||
|
||
|
||
|
||
|
Every brand new car has breakdown cover. This means no roadside repair bills for your contract hire car! | |
|
|
||
| Citroen 2CV dance! | ||
|
Funny car leasing TV ads! |
||
|
||
|
PLAY: Hang a Car Dealer! CLICK HERE! |
|
|
|
||
|
|
For updates and comments, plus my opinions, new car feed, interesting stuff, latest deals, and me... click here. - Ling |
|
|
|
||
|
|
FREE delivery and collection is included with most cars! A driver will drop off and collect your new car! | |
|
|
||
| Bouncy Jeep advert! | ||
|
Funny car leasing TV ads! |
||
|
||
|
My Nuclear Missile Truck |
||
|
|
||
| Get a Trunk Monkey! | ||
|
Funny car leasing TV ads! |
||
|
||
|
|
||
| So many customers recommend so I pass on details of this cheap contract hire car insurance company... for all visitors! - Ling | ||
|
|
||
|
||
|
||
|
Ling's mantra. Power and cars to the people in the struggle against Tony Blair, petrol prices and repression! Click for statement. | |
|
||
|
Compare the daily cost of your prospective car to a packet of cigs. Easily work out the REAL cost of your new contract hire car! COOL! | |
|
||
 |
GORDON BROWN'S FUEL COST! See how much you spend on fuel while you rent a car from me. Every car listed! No one else shows you this! -Ling | |
|
|
||
|
|
||
|
|
LINGsCARS is the ONLY new car supplier to display and promote environmental info for ALL new cars, on the web! - Ling |
|
