Average cost to run a car is £6,689

According to a recent survey by the RAC the average cost for running a car has risen by 14 per cent over the last year. Which means it now stands at a whopping £6,689 a year.

That works out at an average of £128.64 a week. That may not surprise motorists hit by car insurance, maintenance costs and rising in fuel prices.

To make matters worse, fuel prices will take another hit in 2012 where they are expected to rise three pence. So the question seems to be, ‘how can I save money and reduce my running costs?’

A survey by the Institute of Advanced Motorists (IAM) in September revealed that as many as half of all motorists actually drive slower in an attempt to reduce fuel consumption.

This may seem a little extreme, but driving efficiently can save big money over time. If you want to go for this approach then you may want to try a vehicle like the new Peugeot 508. The 508 emits just 109g/km from its 1.6-litre diesel engine. With these impressive CO2 figures the 508 exempt from its first year of road tax.

Fuel saving technology of the 508 includes something called e-HDI micro-hybrid technology, which basically aids the Stop and Start technology of your car by giving it an electric boost.

This means that not only is your car saving fuel while its stationary by turning the engine off, but it’s also saving fuel that would be wasted under braking.