HOW YOU CAN SAVE MONEY ON THE COST OF RUNNING YOUR CAR

A recent report revealed that the average UK car owner spends over £3,000 each year to run their car, which works out to £250 per month. As the nation continues to battle through a cost-of-living crisis, this is a hefty outgoing amount to throw on top of utility bills, rent, and food. Understandably, many people are now desperate for guidance that will save money on running their cars. So here are a few top tips and tricks to help you save money on road tax, insurance, and fuel.

Save money on tax

Car tax is an unavoidable annual outgoing for most UK drivers. The money goes into a government pot which is then used to fund projects such as road works and maintenance. How much a driver will pay per year depends on various factors, but there are a few ways you can try to reduce this cost.



Company car. If your employer offers a company car scheme, it could be a good idea to see whether you qualify or not. If you use a company car for work, the cost of tax may be covered by your employer, thus saving you money.



Older car. Do you prioritise practicality and convenience over having the latest and greatest model? Consider driving an older car, as cars that are over a certain age may be exempt from car tax.



Electric vehicle. Saving money on road tax is great, but not paying it at all? Even better. Electric vehicles are exempt from road tax in England, and they come with further benefits such as being kinder to the environment.

Tax exemptions and reductions: Some circumstances may mean you're eligible for tax exemptions or reductions. These include your vehicle type, vehicle usage, and...