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Cost of Running a Car Jumps 20 Percent in One Year

A survey by Sainsbury’s Finance has revealed that the cost of running a car has risen by 20% compared to a year ago.  Increases in the price of petrol and insurance premiums are to blame for the bulk of this rise.

Oil prices have been forced upwards due to the unrest in the Middle East and the recent increase of VAT to 20% has significantly contributed to the increase in costs to the consumer.



Homeowners aged over 55 years who are concerned about the increasing cost of motoring and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.