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More than one million drivers will have ditched their cars by 2016 because they will no longer be able to afford to run them; it has been claimed by a leading car sharing company.
The firm predicts that as many as 38% of the UK's current car owners will have decided that there are other things they want to spend their money on. Expenses like maintenance and car insurance can be a sizable drain on resources, one that many will soon decide they can do without.
In another recent survey by an online car valuation site it was found that an increase is fuel of around 15p per litre would lead to more than 85% of drivers changing their lifestyles. This rise could mean a cut of around 10% spend in supermarkets, 11% less socialising or 7% cut on clothes buying.
Of the 2000 motorists questioned around three quarters thought the current price of fuel and further rises were “out of control”. The average household spends more than £100 per month on fuel and this is more than many people spend on their utility bills.
Most people join a car club to help to save costs and not necessarily because they are thinking about the environment.