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The cost of owning a car is up about 2% over last year, driven largely by higher maintenance costs. Maintenance costs rose as extended warranty policy prices went up due to more people filing claims. Insurance, fuel, depreciation costs also went up; the cost of tires was unchanged at 1 cent per mile.
According to the AA website, the cost of running an average car with a new cost of between Â£16,000 and Â£20,000 in 2010/2011 is 53 pence-per-mile for a petrol and 54 pence-per-mile for a diesel, based on an average mileage of 10,000 miles per year.here are calls for the chancellor George Osborne to look at the 40 pence-per-mile rate for employees claiming mileage in today's Budget. Some are arguing that the current basic benefit of 40p-per-mile, which hasnât been changed since 1997, no longer reflects the true costs of running a car.