Rise in motoring costs highlights importance of good car finance deals

By Matthew Plant - Financial specialist

Chancellor Alistair Darling has announced a staged increase in fuel duty over the next year, as part of this year`s Budget - highlighting the importance of bringing down motoring costs in other ways, such as finding a competitive car loan deal.

Fuel duty will rise by 1p in April this year, followed by a further 1p rise in October and 0.76p in January next year.

The AA said this would amount to an annual increase of £38 following the April increase alone, according to The Guardian.

A car finance expert at Think Money commented: "When motoring costs are increasing, it`s particularly important to try and find other ways of keeping costs down, such as switching insurance provider - or if you`re buying a new car, finding a good car loan deal."

Tags: fuel duty, car, car loans

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