Rising motoring costs are forcing millions of UK drivers to take dangerous risks with vehicle maintenance, according to new research from Close Brothers Motor Finance.
With fuel prices (36%) and high insurance premiums (32%) dominating driver anxieties, motorists are increasingly resorting to extreme measures to keep their cars on the road.
The research shows a worrying trend of drivers skimping on basic vehicle safety. Over 18% of respondents admit they currently delay or completely skip routine servicing, while 17% admit to ignoring MOT advisories. A further 9% are actively considering delaying these essential safety checks in the near future.
Beyond vehicle upkeep, the financial pressure is altering everyday social dynamics. One in five drivers (20%) now split costs or directly charge friends and family for lifts, with an additional 13% stating they would consider doing so to make ends meet.
The top driver concerns
- Rising fuel prices 36%
- Car insurance hikes 32%
- Potholes damaging the vehicle 23%
- MOT / servicing costs 21%
- Road tax hikes 20%
- Cost of purchasing a new car 20%
- Further crackdowns on petrol/diesel vehicles 14%
- Not being able to afford the running costs 14%
- Parking charges increasing 14%
John Cassidy, Managing Director at Close Brothers Motor Finance, commented: "These figures highlight the financial strain UK motorists are facing as essential vehicle ownership costs continue to escalate. While it is understandable that households are searching for ways to cut back, delaying routine servicing or ignoring MOT advisories creates dangerous safety hazards and risks far costlier repair bills down the line.
"Vehicle ownership is a critical necessity for millions of people across the country. It is vital that drivers who are struggling with running costs speak directly with their lenders and finance partners early to explore manageable options, rather than putting vehicle safety and reliability on the back burner."
