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Home»Posts Tagged "affordability"

Browsing: affordability

News

UK Ranks Low on Car Affordability Index Compared to EU

By Daniel Everett29/07/20240

A recent study highlights the financial strain of car ownership in the UK, positioning it among the least affordable countries in Europe. Conducted by Vignetteswitzerland.com, the research delves into the economic challenges faced by drivers across Europe, evaluating fuel prices, vehicle taxes, insurance costs, and average salaries to gauge car ownership affordability. The UK, with an index score of just 3.1 out of 10, is ranked as the seventh least-affordable European country for owning a car. This low score reflects the significant financial barriers faced by UK drivers when purchasing and maintaining a vehicle. The study reveals a stark contrast…

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