Finance Questions

Posts Tagged ‘auto finance uk’

Question: is it more expensive or cheaper in the UK to own a car than in America (US)? pleeeeeeeeeeeeeeeeeeeeease answer?

in america if you buy a brand new Porsche 911 turbo and drive about 15k miles a year and have more than 6 years driving experiance, it would cost to (excluding the depreciation cost and the Financing cost) around $13000 in the first year then it would go down a bit every year.
this includes the Fuel Cost ($2,398), Insurance ($2,250), Maintenance ($167), Fees & Taxes ($6,923) and Repairs ($1000).
i got this information from the yahoo autos website. but it dosent show much it would cost in the UK to own one.
so my question is that in British pounds (£), how much a year would it cost me. dont just convert the dollars to pounds because i am pretty sure that the stuff like fuel cost, insurance, tax and maintenance are higher here in the UK.

Answer: When you factor in the cost of living and salaries to suit, it's about the same.

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