It prices between £250 and £404 a month to keep up a automobile within the UK, relying on the place you reside, claims new analysis.
Based on automobile finance supplier Moneybarn, automobile upkeep is highest in London (round £404 per thirty days, or nearly 18% of a median month-to-month wage).
Calculating varied motoring components corresponding to the price of commuting, insurance coverage premiums, personal parking and highway tax, residents within the South West of England pay the least to keep up a automobile (£250 per thirty days).
| # | UK Area | £ per thirty days of automobile possession | % of month-to-month earnings |
| 1 | London | 404 | 17.6% |
| 2 | South East | 315 | 15.5% |
| 3 | West Midlands | 307 | 16.5% |
| 4 | North West | 306 | 15.9% |
| 5 | Yorkshire And The Humber | 297 | 16.1% |
| 6 | Northern Eire | 294 | 16.0% |
| 7 | Scotland | 286 | 14.5% |
| 8 | East Midlands | 277 | 14.9% |
| 9 | East | 274 | 14.0% |
| 10 | North East | 256 | 14.0% |
| 11 | Wales | 251 | 13.6% |
| 12 | South West | 250 | 13.6% |
The price of automobile upkeep could appear excessive within the UK, however when inflation is taken into account, Moneybarn says the associated fee has really gone down over the previous decade. It’s now £30.20 cheaper on common per thirty days to keep up a automobile in contrast with earlier years2.
“It’s actually attention-grabbing to see the distinction in automobile upkeep all through the UK,” mentioned Tim Schwarz, Head of Advertising at Moneybarn.
“As anticipated, Londoners have the very best value for automobile upkeep, however this balances out as Londoners earn extra on common in comparison with the remainder of the UK.
“It’s additionally actually optimistic to see the price of upkeep general is rising slower than inflation, permitting extra folks the chance to personal a automobile.”
