posted 5 years ago

Minimise Running Costs by Upgrading to New Vehicle

Motoring.co.uk's finance calculator makes it easy to compare the running costs of your current vehicle with a gleaming new alternative.

Motoring.co.uk's finance calculator makes it easy to compare the running costs of your current vehicle with a gleaming new alternative. The calculator compares factors such as fuel consumption, road tax, and finance payments to reveal whether motorists could reduce their expenditure by upgrading to a more efficient model. After all, some new cars average a staggering eighty miles per-gallon and can be taxed for literally nothing.

To find this easy to use facility select 'car finance' from the main menu, then click 'finance calculator'. The system then asks a few simple questions such as the make, model, derivative, and year of your current vehicle. Cash conscious motorists then enter their annual mileage and, if appropriate, their monthly finance payment. After clicking 'next' select a second vehicle as a point of comparison.

Now, here comes the clever bit. Imagine old Bill (nice chap) drives 20,000 per-year in his 1999 Ford Mondeo 2.0-litre Ghia X. His point of comparison is the enviably efficient 2011 Mondeo 1.8-litre TDCi Titanium 5dr. The finance calculator reports that the newer vehicle could reduce Bill's fuel and tax expenditure by £1,147.38 per-annum, which is £95.62 per- month. At today's prices, this is a fantastic saving of £5,736 over five years. Happy days!