Driveways are becoming the most expensive parking spaces in the country, according to new research by Europcar, the leading provider of car hire services in Europe.
The study of 1,000 motorists reveals that they are spending ten per cent of their monthly income on motoring and car ownership costs – yet 65 per cent are using them for less than an hour a day. Hence cars are staying on driveways.
“We commissioned this research to find out how people were dealing with their mobility issues in the face of increased motoring costs,” explained Ken McCall, Managing Director, Europcar UK Group.
“What seems clear is that many people can’t imagine how they could manage without a car – but try to keep costs down by using their cars less. With more than half using their car for less than an hour a day, it seems that driveways are fast becoming the most expensive parking spaces in the country.”
The Europcar research reveals that insurance is a big cost factor for motorists, with respondents saying it has risen by an average of €67 per year and the majority admitting to spending up to €700 each year on this vital cover. With over a third of the motorists surveyed owning two cars per household, that’s double the cost when it comes to car tax, motor insurance, servicing and fuel.
Despite the rising costs of car ownership, more than half of those questioned (56%) said public transport couldn’t replace their car, admitting they find it too costly (40%), inconvenient (64%) and unreliable (53%).
Europcar has responded to these findings, explaining that it provides a cost-effective option for two car – or more – families who leave one car on the drive for much of the time.
Europcar is claiming that the cost of renting a car for a weekend, every two weeks, for a family of four is actually more cost-effective than buying, owning and running a second car, and it also knocks-out the effects of an ageing vehicle (and the average age of an Irish family car is now above eight years) on maintenance costs.
“According to our research, convenience is king when it comes to mobility,” said Mr McCall. “And that’s another reason why car hire provides a flexible, convenient and affordable alternative to second car ownership, especially as a Europcar location is never more than 20 minutes away.”