Motoring costs akin to ?80,000 mortgage

Running a car now costs more than the average £80,000 mortgage and petrol-price increases could cause motoring costs to rise by £180 over the next 12 months, according to the RAC. RAC Insure's motoring index, which has tracked the cost of motoring for a year (including depreciation, insurance, fuel, servicing, VAT and breakdown cover), found that the cost of running a car has remained consistently high at £438 per month - 25 per cent of the average Brit's household income and almost £20 more than the average monthly mortgage payment. Although the weekly cost of running a car has fallen marginally this quarter, RAC Insure predicts that the cost of motoring could rise by £3.75 a week for petrol increases alone.