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New tool calculates savings of switching to car clubs

07 July 2022

 

Households can save more than £2,000-a-year by switching from a private vehicle to car club membership, according to new research by CoMoUK.

The charity has launched a new tool, which works on savings on both hourly trips and day trips. Analysis shows that the average annual cost of owning a new Ford Fiesta on a lease is £3,801, including fuel, insurance and tax while using the same vehicle through a car club cost £1,678.60 – an annual saving of £2,122.40.

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