How much does it really cost to own a car?

A report by MyJar this month showed that the average person spends £206,650 on owning cars throughout their lifetime. We were shocked to hear this, as there is a much more cost-effective alternative.

Tusker’s all-inclusive Car Benefit Scheme, which provides drivers with a brand new car complete with insurance, road tax, replacement tyres, breakdown cover, servicing and maintenance, is the convenient way to drive a new car, without the costs and hassles associated with ownership.

Where are drivers spending most of their money?

MyJar’s survey details that drivers are spending approximately £42,000 in buying cars, as well as £21,500 in insurance, £28,000 in repairs, £10,500 in servicing, £7,000 in tax and £3,000 in breakdown cover, over their lifetimes.

Compare this with a scheme from Tusker where drivers are reaping the savings in having these services as part of their all-inclusive package.

“We take care of everything for our drivers… gone are the days of costly garage bills. It’s part of our commitment to worry-free motoring and enables our drivers to really plan their finances.”

–   Paul Gilshan, CEO at Tusker 

One of the cars in question as part of MyJar’s report shows the Smart ForTwo Coupe 1.0 Pure, which would cost the owner £9,995 to purchase. Over the course of three years, running costs total £12,629. In comparison, taking the same car on the Tusker scheme would cost £0 upfront and would save the driver around £2,500 or £70 per month.

 Tusker prides themselves on simplicity, reducing the hassles associated with managing and owning a car. With the scheme, drivers don’t have to worry about anything, apart from adding fuel. They just contact Tusker, who then manage the driver’s requirements – from servicing, maintenance and tyres to breakdowns, road tax and insurance.

What could you be driving?

Start finding out how you could be driving smarter but logging in or creating your account today and browse our wide range of brand new cars.

Is your organisation missing out on our car benefit scheme?

Find more information on how the scheme could benefit your organisation, simply call us, email, or request more information.