UK ranks 7th least-affordable for car ownership in Europe, with an index score of 3.1/10.
UK ranks 7th least-affordable for car ownership in Europe with an index score of 3.1/10, considering factors like fuel prices, vehicle taxes & insurance costs. Switzerland is the most affordable, due to lower expenses on these factors compared to average net salary. UK's average car price of £30,491 and average monthly salary of £2,140 make it difficult for young drivers to purchase their first car.
May 11, 2024
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