The true costs of running a car!
Summary
A new ESRI study reveals that three-quarters of Irish motorists significantly underestimate the annual cost of running their vehicles. Researcher Dr. Shane Timmans explains that while drivers estimate costs at around €2,000, actual expenses for fuel, insurance, and maintenance average €3,000. Including depreciation, the true cost can reach €6,000 per year. The findings highlight a major gap in public awareness regarding the financial impact of car ownership.
Topics discussed
Show intro and guest introduction
Study overview: Underestimating car running costs
Methodology: Surveying 800+ motorists
Findings: 7 in 10 drivers underestimate costs
Cost breakdown: €2,000 vs €3,000 annual estimate
Depreciation analysis and total annual cost
Sign-off and show credits
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