Fuel Overtakes Depreciation As The No1 Running Cost

Monday, 25. April 2011

Hi, Graham Hill here, thank you so much for visiting my blog, I hope you learn a lot and as a result end up driving a great car. In order to do so you can get all the information you need by buying my book, An Insider Guide To Car Finance or use me to finance your next car. Happy driving.

It would seem that we are getting very close to the time when, by far the biggest running cost, when it comes to cars, i.e. depreciation, is overtaken by the cost of fuel. CFC Solutions have made this claim looking at the way fuel prices are increasing compared to the cost of depreciation for the average 2.0litre upper medium petrol company car. It was in the 70’s that depreciation was measured on a pence per mile basis and ever since it has outstripped every other cost. Of course if fuel did overtake depreciation it would need a complete shift in the cars we drive and our attitude to alternative fuels etc.

Greater management controls and instructions addressing the way those driving on company business were encouraged to drive would have to be introduced. Car sharing and advanced driver training may need to be introduced. This change in balance is predicted as soon as 2016 so companies may need to start considering the consequences and how to deal with them sooner rather than later. By Graham Hill

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