Do you own a car? Or are you thinking of getting one, but not sure how much extra expense it will add to your annual bill? Well thankfully there’s been a bit of research done lately that easily breaks down the most expensive places to have a car in the UK and the results might surprise you. Read on to learn more!
Most people would think that London would come in on top for the priciest place to have a car, but it’s actually in third place! Birmingham is currently the most expensive place to have a car in the UK according to a study done by Kwik Fit. The average cost in Birmingham works out to be around £3326.87. As the breakdown shows, this is likely due to the fact that the residents permit is almost £800, much more expensive than any of the other cities.
You might be thinking that surely London would at least be in second place, but no, it’s actually Manchester that takes this spot with an average annual cost of £2994.36, which is more than £300 cheaper than Birmingham. The residents permit here is also quite pricey, currently costing around £650 a year, which is more than four times the cost in London.
Finally, it makes it onto the list, but for me at least 3rd place was surprising. London is well known as one of the most expensive cities in the UK, especially in regards to rents and property prices, but for owning a car it’s at least reasonable. The biggest difference between London, Manchester and Birmingham is the cost of the residence permit, which is only £155 annual. Car insurance prices tend to be more expensive in London, which is generally true of any big city, but overall it’s a relatively affordable place to have a car.
Owning a car in some cities is a necessity, and in others is a luxury. Hopefully this helpful guide will help you decide whether it’s worth having a car where you live.