Sunday July 5, 2020

Wheels of fortune

Keeping a car on the road can be a significant financial strain, but with some careful planning you can cut costs, writes Emma Kennedy, Personal Finance Correspondent

27th April, 2013
Drivers face a wide range of costs to stay on the road. Photo: Thinkstock

Buying and running a car is a big expense. Can your household budget justify it?

The recently-published guidelines from the Insolvency Service indicated that car ownership would not be essential for families getting a debt deal. But even for families who are financially better-placed, car costs are coming under scrutiny.

Almost four in five Irish drivers are planning to hold onto their current vehicle for as long as possible, according to an AA survey. Nearly...

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