18th Dec '08 - Driving Down Fuel Costs

Posted on Thursday, December 18th, 2008 at 1:48pm
18th Dec '08 - Driving Down Fuel Costs People must not cut back on car maintenance in order to save some extra cash during the credit crunch.

Such is the advice of the AA, which adds that not getting a vehicle serviced will cost more further down the line.

Indeed, such news comes after the driving organisation has claimed that a third of families are making more cutbacks now than they were when petrol was at record prices.

According to the AA, the price of fuel is currently standing at a 21-month low, with an individual at the forecourts enjoying an average of 89.48p per litre for petrol and 101.93 for diesel.

"Cutting back on servicing will be a false economy as breakdowns are more expensive and disruptive," states president of the AA Edmund King.

As such, families who either want to buy a new car or to make serious repairs to a current one may find a loan useful to fund such action, although secured loans may have a lower annual payment rate than other loans.

Meanwhile, the AA recently announced that in a bid to save money, more than 60 per cent of Britons will be leaving their cars on the drive over the holiday season.

15.9% APR Typical variable

WARNING: THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. LOANS ARE SECURED ON YOUR HOME. ALL LOANS SUBJECT TO STATUS.