Commuting to work can be testing at the best of times, but at least if you travel via train you know you’re saving money right? Well, actually that might not be the case…
Ray Massey, The Daily Mail, reports:
Commuters fed up with soaring train fares and strikes could buy a brand new car to do the journey for less than the price of their first class season tickets, a new study has revealed.
In some cases, for less than even a standard fare. And that’s without factoring in the controversial new 1.9 per cent RPI inflation rise set for the New Year based on the rate on July.
Car-price experts Parkers.co.uk compared the monthly costs of a range of popular models bought on personal leasing contracts (PCP) with the amount people would pay if they continued to let the train take the strain over three years.
PCP contracts – where buyers pay a deposit, a fixed monthly payment and have the opportunity of a final payment to buy outright or to hand back the car - have boomed in recent years and account for most car sales today.
Parkers calculates that a first class Season ticket from Seaford in Sussex to Haywards Heath over three years would cost £11,491. By contrast a Peugeot 108 Access 3-door bought through the car company’s ‘Just Add Fuel Scheme’ – which includes car-tax, servicing, insurance and roadside assistance – would cost £10,919 to buy and run - a saving of £572 over the train.
Similarly a new BMW 3-series – or even a Jaguar F- Pace - can work out cheaper than a Swindon to Reading first class ticket. Parkers calculates that three years’ of first class rail travel between the towns will cost £33,786. By contrast a BMW 330d Touring M Sport would cost £28,584, a Jaguar F-Pace 2.0D Prestige £29,993, and a Mercedes-Benz AMG Line £28,548, though insurance is extra.
However, a Vauxhall Astra 1.6 CDTi 110 Tech Line at £15,171 is less than the £18,194 cost for three years’ of standard-class season tickets between Swindon and Reading, says Parkers which notes the £3,023 difference would more than cover insurance.
Commuters from Milton Keynes to Watford High Street with a first class season ticket pay £18,886 over 36 months. That’s enough to lease a Nissan Qashqai 1.5 dCi Acenta with maintenance for three years, including fuel, for £16,731, and still leave £2,155 left over to pay for three years’ insurance. Also costing less than the train is an Audi A1 1.6 TDI SE at £16,274.
The Parkers report noted: ‘With thousands of commuters held to ransom at the hands of train companies and their staff, there’s no better time to wrestle back control of your commute – all the while gaining more cash in your pocket.’
By choosing to commute by car instead of by train, not only could you save yourself some pennies, but you’ll also be back in control of your commute! Rushing to catch a train will be a problem of the past! You’re also guaranteed to always have a seat, and you won’t need to worry about keeping the music down.