The hidden cost of automatics13 May 2020
The SMMT recently reported that there are 8.4 million automatic cars on UK’s roads.
Meanwhile, MoneySuperMarket, who analysed quotes provided between January 2018 and February 2020 revealed that automatic cars now make up 28 per cent of insurance enquiries, rising from 22 per cent just two years ago.
While there are obvious benefits of turning to automatic cars, including being simpler to drive, more reliable and better for the environment, there are a few hidden costs that might make you reconsider.
The automatic version of a car will often be higher than its manual equivalent, while according to recent stats, drivers of cars with an automatic gearbox will pay close to £100 more to insure their cars compared to its manual version.
This staggering difference can be explained in a couple of ways including the cost of technology that operates an automatic car plus the cost of repairing an automatic vehicle being more than a manual one.
While long term these costs could be offset by the saving of money due to fuel efficiency – its still worth considering when you are looking to buy/lease a car.