Car costs – saving for a rainy day?

car costs

car costsOwning a car is an expensive business and it appears the bad weather could be adding extra meaning to the phrase 'saving for a rainy day'.

Walking to work in the rain or jumping on a crowded bus is not something that many of us enjoy, but if you are one of those fortunate enough to have daily car travel merely as a choice of luxury, you may be interested to hear just how much money you could save through leaving it at home.

Seasonal drivers

A recent study by Santander Credit Cards revealed that 2.8 million of us are 'seasonal drivers', meaning we choose to drive to and from work on days when the weather is unpleasant, but walk or cycle in the summer when the weather is warm and dry.

In doing so, for every day of rain during the summer months we will spend an average £9 extra to cover the cost of petrol, parking and congestion charges.

So, in the event of a washout summer (which is not impossible given the recent weather!) each motorist would spend an eye-watering total of £6202.

In terms of the bigger picture, this would equate to an additional £25 million to the already spiralling cost of motoring for each day of rain, or a combined £1.7 billion over the course of a washout summer.

So, next time you're about to head out the door just ask yourself, is it really necessary to drive?

Save money at the pumps

If driving to work or elsewhere is completely unavoidable then at least be sure to try the following techniques to help you spend less on your car.

First, keep an eye out for deals at supermarket forecourts. The big chains often sell petrol and diesel at competitive prices in return for your custom in store.

Signing up to supermarket loyalty card schemes can also save you money. These allow you to collect points when you buy petrol, which you can eventually turn into in-store cash.

A cashback credit card can be a good way to pay for your petrol because you earn cashback every time you spend. However, sometimes there is an annual fee, so be sure to work out beforehand whether the card will ultimately save you money.